El Salvador’s President Nayib Bukele announced that the country made a profit of about $265 million after accepting Bitcoin (BTC) as its reserve currency and legal tender. Bagileh said that El Salvador invested $135 million in Bitcoin, which is now worth $400 million. He added that Salvadorans have also made significant gains from the increase in Bitcoin’s price. According to Nayibtracker, El Salvador owns 5,856 Bitcoins, with unrealized profits of over $50 million. Bagileh stressed that the adoption of Bitcoin has only had positive effects for the country, attracting investment and tourism. He also mentioned the growing importance of Bitcoin in the global financial system and the participation of major financial institutions.
Post a Comment
0Comments