'I Told You So': Bukele Takes Victory Lap as El Salvador Bitcoin …
2 days ago · El Salvador has been stockpiling Bitcoin since 2021, the same year the country made the orange coin legal tender.With Bitcoin’s recent spike in value, El Salvador’s President Nayib Bukele took to Twitter to brag, as the country hit $100 million of unrealized profit. “I told you so,” Bukele said on Twitter.. This comes after the President faced backlash for integrating Bitcoin so ...
El Salvador is now in $200 million profit on their Bitcoin bet
4 days ago · El Salvador’s total Bitcoin holdings chart. Source: Bitcoin Office. To this end, El Salvador’s Bitcoin holdings have generated an unrealized profit of about $203.10 million, representing a 75% gain on its investment. Most of the profits have been realized in 2024 with returns of $196.33 million or 71% year-to-date.
El Salvador’s $100 Million Bitcoin Surge Ignites ... - EconoTimes
2 days ago · El Salvador’s Bitcoin holdings saw a stunning $100 million boost in one week as the cryptocurrency’s price climbed to $89,700. The soaring market cap, approaching $2 trillion, underscores ...
El Salvador's Bitcoin Bet Is Paying Off—Here's How Much
3 days ago · Spot On Chain reveals El Salvador’s well-timed Bitcoin purchases, yielding an impressive 81% gain after BTC rebounded from a four-year low. Crypto trader notes that Bitcoin is now in price ...
Bitcoin rally: Is El Salvador's Bitcoin bet paying off? - BBC
Dec 6, 2023 · El Salvador's president is celebrating after a Bitcoin reserve he bought with public money has entered the black amid the continuing Bitcoin price rise. Since 2021, Nayib Bukele has spent...
El Salvador Embraces Future With Bitcoin As Bukele Secures ... - Forbes
Feb 5, 2024 · Since making bitcoin legal tender in 2021, El Salvador has ventured into uncharted financial waters, attracting international attention and, at times, criticism.
Bitcoin rally: Is El Salvador's Bitcoin bet paying off? - BBC News
Dec 6, 2023 · Reuters. President Nayib Bukele plans to build a city called Bitcoin City, as he pushes his nation to use the digital currency. El Salvador's president is celebrating after a Bitcoin...
El Salvador becomes first country to adopt bitcoin as legal tender
Jun 9, 2021 · The government will set up a trust at the Development Bank of El Salvador to enable automatic conversion of bitcoin into dollars. The law will take effect 90 days after its publication in the...
In Global First, El Salvador Adopts Bitcoin as Currency
Sep 7, 2021 · MEXICO CITY — El Salvador on Tuesday became the first country to adopt Bitcoin as legal tender, allowing the cryptocurrency to be used in any transaction, from buying a cup of coffee to paying...
Bitcoin: El Salvador makes cryptocurrency legal tender - BBC
Jun 9, 2021 · El Salvador has become the first country in the world to officially classify Bitcoin as legal currency. Congress approved President Nayib Bukele's proposal to embrace the cryptocurrency, with...