Browsing: El Salvador

Bitcoin adoption in El Salvador has proven to be a lucrative venture for the government, as it has amassed significant profits, with its Bitcoin holdings now valued at over $164 million. According to data from BitcoinTreasuries, the country’s holdings have surged by $50 million, outperforming their initial investment. Since becoming the first country to adopt Bitcoin as legal tender in 2022, El Salvador’s foray into the world of cryptocurrency has been marked by remarkable growth. President Nayib Bukele’s decision to acquire 1 BTC daily has resulted in the accumulation of approximately 2,380 BTC, valued at $158.5 million. With Bitcoin reaching…

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