El Salvador is now reaping substantial profits on its Bitcoin investment following the crypto’s recent rise in value. After taking a bold step by embracing BTC as a legal tender, the Central American nation’s strategic Bitcoin investments have now translated into multi-million dollar gains.
El Salvador Bitcoin Bet Pays Off
Over the last few years, El Salvador, one of the smallest countries in Central America, has been steadily growing its Bitcoin portfolio. Between September 2021 and January 2022, El Salvador’s government purchased about $85.5 million in Bitcoin. The country’s investment value saw a large decline after the price of Bitcoin began falling in November 2021. At the time, El Salvador lost about $22 million from the unexpected decline.
Despite these losses, the El Salvador government remained undeterred and continued to purchase Bitcoin during the dip. In 2022, the Central American nation purchased hundreds of Bitcoins, resulting in El Salvador’s current total
We współpracy z: https://bitcoinist.com/el-salvador-bitcoin-bet-profit/
