ElSalvadorBitcoin
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🌐💼 Breaking news from El Salvador! President Nayib Bukele has made a bold move, transferring a whopping US$407 million worth of Bitcoin to a cold wallet. 🚀 This offline storage solution will be housed in a physical vault within the country, marking a significant step in the nation's embrace of cryptocurrency. 🏦💰
In a social media post, Bukele unveiled the decision, showcasing a photo of the wallet containing 5,689.68 BTC. 💼💼 "It's not much, but it's honest work," he humbly remarked. This move sheds light on El Salvador's true Bitcoin holdings, surpassing previous estimates and revealing their commitment to this digital asset. 💡💼
El Salvador made headlines in September 2021 by becoming the first country to adopt Bitcoin as legal tender, despite facing criticism from entities like the International Monetary Fund. 🌎💼 And now, with this strategic decision to secure their Bitcoin reserves, El Salvador solidifies its position as a pioneer in the crypto world. 🌟🇸🇻
As Bitcoin's value continues to fluctuate, El Salvador's proactive approach to managing its cryptocurrency assets sets a precedent for other nations to follow. 📈💼 Stay tuned as the world watches to see how this groundbreaking move shapes the future of finance! 💼💰 #CryptoPioneer #ElSalvadorBitcoin 🇸🇻🔒
In a social media post, Bukele unveiled the decision, showcasing a photo of the wallet containing 5,689.68 BTC. 💼💼 "It's not much, but it's honest work," he humbly remarked. This move sheds light on El Salvador's true Bitcoin holdings, surpassing previous estimates and revealing their commitment to this digital asset. 💡💼
El Salvador made headlines in September 2021 by becoming the first country to adopt Bitcoin as legal tender, despite facing criticism from entities like the International Monetary Fund. 🌎💼 And now, with this strategic decision to secure their Bitcoin reserves, El Salvador solidifies its position as a pioneer in the crypto world. 🌟🇸🇻
As Bitcoin's value continues to fluctuate, El Salvador's proactive approach to managing its cryptocurrency assets sets a precedent for other nations to follow. 📈💼 Stay tuned as the world watches to see how this groundbreaking move shapes the future of finance! 💼💰 #CryptoPioneer #ElSalvadorBitcoin 🇸🇻🔒
sa#el🔥💥El Salvador's $400 million Bitcoin transfer: Bukele announces
In a move reinforcing its embrace of Bitcoin as the official currency since 2021, El Salvador, under the leadership of re-elected President Nayib Bukele, has announced the transfer of approximately $400 million worth of Bitcoin to a new cold wallet.
Despite facing criticism from the Western world for adopting Bitcoin as legal tender, El Salvador has stood firm on its policy, now reaping the rewards with surging prices. As Bitcoin's value in the nation continues to rise, President Bukele made a new announcement regarding the cryptocurrency.
President Bukele revealed that 5689 BTC had been transferred to a new cold wallet, emphasizing the decision as a strategic move. He stated, "We have decided to move a large part of our bitcoins to a new cold wallet, akin to our official piggy bank, stored securely within the country's borders. Though not an exorbitant amount, it represents hard-earned money."
The actual number of BTC at least doubled
Contrary to previous estimates, Nayib Bukele's announcement indicates that El Salvador's Bitcoin holdings exceed prior assumptions. While it was believed the country possessed around 2800 BTC, the transfer unveiled a figure at least double that amount. Bukele's reference to "The majority of our Bitcoins ..." suggests that the nation retains a substantial BTC reserve beyond the transferred sum.
Furthermore, Bukele had declared in November 2022 that the government would purchase one Bitcoin daily, following a systematic approach to accumulate the cryptocurrency.#ElSalvadorBitcoin #NayibBukele #binance
In a move reinforcing its embrace of Bitcoin as the official currency since 2021, El Salvador, under the leadership of re-elected President Nayib Bukele, has announced the transfer of approximately $400 million worth of Bitcoin to a new cold wallet.
Despite facing criticism from the Western world for adopting Bitcoin as legal tender, El Salvador has stood firm on its policy, now reaping the rewards with surging prices. As Bitcoin's value in the nation continues to rise, President Bukele made a new announcement regarding the cryptocurrency.
President Bukele revealed that 5689 BTC had been transferred to a new cold wallet, emphasizing the decision as a strategic move. He stated, "We have decided to move a large part of our bitcoins to a new cold wallet, akin to our official piggy bank, stored securely within the country's borders. Though not an exorbitant amount, it represents hard-earned money."
The actual number of BTC at least doubled
Contrary to previous estimates, Nayib Bukele's announcement indicates that El Salvador's Bitcoin holdings exceed prior assumptions. While it was believed the country possessed around 2800 BTC, the transfer unveiled a figure at least double that amount. Bukele's reference to "The majority of our Bitcoins ..." suggests that the nation retains a substantial BTC reserve beyond the transferred sum.
Furthermore, Bukele had declared in November 2022 that the government would purchase one Bitcoin daily, following a systematic approach to accumulate the cryptocurrency.#ElSalvadorBitcoin #NayibBukele #binance
El Salvador moves $386m worth of $BTC into cold storage.
President Nayib Bukele referred to this initiative as El Salvador's first official "bitcoin piggy bank." This reflects their long-term view on Bitcoin as a potential tool for economic growth 🙌
#BTC #HotTrends #ElSalvadorBitcoin
President Nayib Bukele referred to this initiative as El Salvador's first official "bitcoin piggy bank." This reflects their long-term view on Bitcoin as a potential tool for economic growth 🙌
#BTC #HotTrends #ElSalvadorBitcoin
Nayib Bukele shared El Salvador’s Bitcoin wallet address.
The president of El Salvador published a tweet in which he shared the address of the country’s BTC wallet and balance. It turned out that the wallet has twice as many coins as previously announced: The El Salvador account has 5,689.69 BTC (about $406 million), and according to Bukele’s official portfolio tracker, the country has 2,864 BTC (about $194 million) under management. Where the rest of the Bitcoin came from is unknown 😅
The crypto community has started sending donations to El Salvador’s address, and a well-known crypto trader under the nickname “HODL15Capital” praised the country’s president for his commitment to transparency:
“Love the transparency! This is the Bitcoin way!”
El Salvador’s crypto ideas deserve unicorn status 🦄
#ElSalvadorBitcoin #NayibBukele #HotTrends #BTC
The president of El Salvador published a tweet in which he shared the address of the country’s BTC wallet and balance. It turned out that the wallet has twice as many coins as previously announced: The El Salvador account has 5,689.69 BTC (about $406 million), and according to Bukele’s official portfolio tracker, the country has 2,864 BTC (about $194 million) under management. Where the rest of the Bitcoin came from is unknown 😅
The crypto community has started sending donations to El Salvador’s address, and a well-known crypto trader under the nickname “HODL15Capital” praised the country’s president for his commitment to transparency:
“Love the transparency! This is the Bitcoin way!”
El Salvador’s crypto ideas deserve unicorn status 🦄
#ElSalvadorBitcoin #NayibBukele #HotTrends #BTC
El Salvador Will Keep Buying 1 Bitcoin Daily Until BTC 'Becomes Unaffordable' With Fiat Currencies,
Hi Guys 🚨🚨
El Salvador Keeps Buying BTC, Top BTC Mining Rigs, Blackrock's New 'BUIDL' Fund, and More — Week in Review
El Salvador continues its daily bitcoin purchases, aiming to keep buying until the cryptocurrency becomes too expensive. The top 10 bitcoin mining rigs of 2024 show significant profit margins due to recent value increases.
Blackrock, has submitted a form to the SEC for the initiation of a tokenized investment fund called “BUIDL.” “Rich Dad Poor Dad” author Robert Kiyosaki advocates buying as much bitcoin as one can afford, favoring it over stocks and bonds during economic uncertainties.
El Salvador Will Keep Buying 1 Bitcoin Daily Until BTC ‘Becomes Unaffordable’ With Fiat Currencies, Says President Bukele.
El Salvador’s President Nayib Bukele shared an update on El Salvador’s “1 bitcoin a day program” on social media platform X on Friday.
The “1 bitcoin a day program” was initiated in November 2022 when Bukele announced El Salvador’s daily purchase of one bitcoin, starting on Nov. 18, 2022. On Friday, he provided an update on the program, stating that El Salvador will continue to buy bitcoin daily “until bitcoin becomes unaffordable with fiat currencies.” He also revealed that the latest BTC from the program has been deposited into El Salvador’s address that recently received “a large chunk” of the country’s bitcoin stash.
On Thursday, the Salvadoran president disclosed that El Salvador has decided to transfer a large chunk of its bitcoin holdings to a cold wallet and store it in a physical vault within the country’s territory.
In September 2021, El Salvador made history by becoming the first country to adopt bitcoin as legal tender alongside the U.S. dollar, despite warnings from the International Monetary Fund (IMF). Since then, the country has been acquiring bitcoin through various means, including purchases and mining, and the nation has also been generating revenue from bitcoin-related initiatives. Venture capitalist Tim Draper believes that bitcoin will transform El Salvador into one of the wealthiest nations in the world. Last month, Bukele reaffirmed that El Salvador has no intention of selling any of its bitcoins, emphasizing that “at the end, 1 BTC = 1 BTC.”
$BTC
#HotTrends #BTC #Write2Erarn #CryptoNews🚀🔥 #ElSalvadorBitcoin
What do you think about El Salvador buying one bitcoin a day and will continue until the crypto is unaffordable with fiat currencies? Let us know in the comments section below.
El Salvador Keeps Buying BTC, Top BTC Mining Rigs, Blackrock's New 'BUIDL' Fund, and More — Week in Review
El Salvador continues its daily bitcoin purchases, aiming to keep buying until the cryptocurrency becomes too expensive. The top 10 bitcoin mining rigs of 2024 show significant profit margins due to recent value increases.
Blackrock, has submitted a form to the SEC for the initiation of a tokenized investment fund called “BUIDL.” “Rich Dad Poor Dad” author Robert Kiyosaki advocates buying as much bitcoin as one can afford, favoring it over stocks and bonds during economic uncertainties.
El Salvador Will Keep Buying 1 Bitcoin Daily Until BTC ‘Becomes Unaffordable’ With Fiat Currencies, Says President Bukele.
El Salvador’s President Nayib Bukele shared an update on El Salvador’s “1 bitcoin a day program” on social media platform X on Friday.
The “1 bitcoin a day program” was initiated in November 2022 when Bukele announced El Salvador’s daily purchase of one bitcoin, starting on Nov. 18, 2022. On Friday, he provided an update on the program, stating that El Salvador will continue to buy bitcoin daily “until bitcoin becomes unaffordable with fiat currencies.” He also revealed that the latest BTC from the program has been deposited into El Salvador’s address that recently received “a large chunk” of the country’s bitcoin stash.
On Thursday, the Salvadoran president disclosed that El Salvador has decided to transfer a large chunk of its bitcoin holdings to a cold wallet and store it in a physical vault within the country’s territory.
In September 2021, El Salvador made history by becoming the first country to adopt bitcoin as legal tender alongside the U.S. dollar, despite warnings from the International Monetary Fund (IMF). Since then, the country has been acquiring bitcoin through various means, including purchases and mining, and the nation has also been generating revenue from bitcoin-related initiatives. Venture capitalist Tim Draper believes that bitcoin will transform El Salvador into one of the wealthiest nations in the world. Last month, Bukele reaffirmed that El Salvador has no intention of selling any of its bitcoins, emphasizing that “at the end, 1 BTC = 1 BTC.”
$BTC
#HotTrends #BTC #Write2Erarn #CryptoNews🚀🔥 #ElSalvadorBitcoin
What do you think about El Salvador buying one bitcoin a day and will continue until the crypto is unaffordable with fiat currencies? Let us know in the comments section below.
JUST IN: 🇸🇻 El Salvador President Nayib Bukele says the country will purchase one Bitcoin every day until it becomes unaffordable with fiat currencies.
#BTC #HotTrends #ElSalvadorBitcoin
#BTC #HotTrends #ElSalvadorBitcoin
NEWS: El Salvador's volcanic bond received regulatory approval from the country's Digital Assets Commission on December 11, 2023. The bond, which is a sovereign debt issue backed by bitcoins, has a face value of $1 billion and is scheduled to be issued in the first quarter of 2024.
The volcanic bond is an initiative of the president of El Salvador, Nayib Bukele, who seeks to raise funds for the construction of a special economic zone in the country. The special economic zone will focus on blockchain technology and cryptocurrencies, and is expected to create thousands of jobs.
Regulatory approval of the volcanic bond is an important step for the issuance of the bond. However, there are still some factors that could affect its success, such as the volatility of the cryptocurrency market and the interest of international investors.
If the volcanic bond is successful, it could be a major milestone for government adoption of cryptocurrencies. El Salvador would be the first country in the world to issue sovereign debt backed by cryptocurrencies.
#ElSalvadorBitcoin $BTC #Bitcoin
The volcanic bond is an initiative of the president of El Salvador, Nayib Bukele, who seeks to raise funds for the construction of a special economic zone in the country. The special economic zone will focus on blockchain technology and cryptocurrencies, and is expected to create thousands of jobs.
Regulatory approval of the volcanic bond is an important step for the issuance of the bond. However, there are still some factors that could affect its success, such as the volatility of the cryptocurrency market and the interest of international investors.
If the volcanic bond is successful, it could be a major milestone for government adoption of cryptocurrencies. El Salvador would be the first country in the world to issue sovereign debt backed by cryptocurrencies.
#ElSalvadorBitcoin $BTC #Bitcoin
El Salvador Doubles Down on Bitcoin
In a series of strategic moves that underline its commitment to cryptocurrency, El Salvador continues to deepen its engagement with the digital currency market, particularly bitcoin {{BTC}}. President Nayib Bukele recently announced El Salvador's plan to buy one bitcoin every day, aiming to continue this practice until it becomes unaffordable with fiat currencies. This initiative has pushed the nation's bitcoin holdings to a substantial total of 5,690 BTC, valued at approximately $400 million.
This feature is part of CoinDesk’s “Future of Bitcoin” package published to coincide with the fourth Bitcoin “halving” in April 2024. Tatiana Koffman leads investment firm Moonwalker Capital, is the author of the popular financial newsletter.
In tandem with its cryptocurrency endeavors, El Salvador has made a bold statement in the global investment landscape by eliminating income tax for international investments and money transfers. This tax cut, from 30%-0%, is designed to attract foreign investors and boost economic growth.
The country's commitment to bitcoin was further highlighted this week as it transferred more than 5,000 BTC into a cold wallet. President Bukele disclosed that a significant portion of these assets, amounting to $400 million worth of bitcoin, has been moved to an offline device stored in a physical vault within the nation's territory. This move to secure the digital assets in a "Bitcoin piggy bank" marks a significant step in El Salvador's financial strategy, offering a higher level of security and signaling strong faith in the cryptocurrency's future.
The decision to make the transfer to a cold wallet came after El Salvador's bitcoin treasury swelled unexpectedly, nearly doubling its previously known stash. The country had been acquiring bitcoin through various means, including daily purchases, sales of passports, currency conversions for businesses, mining and government services. This approach has dramatically increased El Salvador's bitcoin holdings, which were believed to be less than 3,000 BTC before this revelation.
President Bukele's vision extends beyond merely accumulating bitcoin; he envisions transforming El Salvador into a wealthy nation through strategic investments and initiatives related to the digital currency. Despite criticisms and warnings from international bodies like the International Monetary Fund (IMF), El Salvador's commitment to its bitcoin strategy remains steadfast, with the nation showing no signs of divesting from the cryptocurrency.
El Salvador's bold foray into the world of bitcoin and its efforts to create a conducive environment for cryptocurrency investments reflect a significant shift in how nations perceive and engage with digital currencies. As the country continues its bitcoin acquisition program and enhances its cryptocurrency infrastructure, it sets a precedent for others to follow, potentially reshaping the global financial landscape in the process.
$BTC
#HotTrends #BTC #ElSalvador #ElSalvadorBitcoin #Write2Erarn
This feature is part of CoinDesk’s “Future of Bitcoin” package published to coincide with the fourth Bitcoin “halving” in April 2024. Tatiana Koffman leads investment firm Moonwalker Capital, is the author of the popular financial newsletter.
In tandem with its cryptocurrency endeavors, El Salvador has made a bold statement in the global investment landscape by eliminating income tax for international investments and money transfers. This tax cut, from 30%-0%, is designed to attract foreign investors and boost economic growth.
The country's commitment to bitcoin was further highlighted this week as it transferred more than 5,000 BTC into a cold wallet. President Bukele disclosed that a significant portion of these assets, amounting to $400 million worth of bitcoin, has been moved to an offline device stored in a physical vault within the nation's territory. This move to secure the digital assets in a "Bitcoin piggy bank" marks a significant step in El Salvador's financial strategy, offering a higher level of security and signaling strong faith in the cryptocurrency's future.
The decision to make the transfer to a cold wallet came after El Salvador's bitcoin treasury swelled unexpectedly, nearly doubling its previously known stash. The country had been acquiring bitcoin through various means, including daily purchases, sales of passports, currency conversions for businesses, mining and government services. This approach has dramatically increased El Salvador's bitcoin holdings, which were believed to be less than 3,000 BTC before this revelation.
President Bukele's vision extends beyond merely accumulating bitcoin; he envisions transforming El Salvador into a wealthy nation through strategic investments and initiatives related to the digital currency. Despite criticisms and warnings from international bodies like the International Monetary Fund (IMF), El Salvador's commitment to its bitcoin strategy remains steadfast, with the nation showing no signs of divesting from the cryptocurrency.
El Salvador's bold foray into the world of bitcoin and its efforts to create a conducive environment for cryptocurrency investments reflect a significant shift in how nations perceive and engage with digital currencies. As the country continues its bitcoin acquisition program and enhances its cryptocurrency infrastructure, it sets a precedent for others to follow, potentially reshaping the global financial landscape in the process.
$BTC
#HotTrends #BTC #ElSalvador #ElSalvadorBitcoin #Write2Erarn
El Salvador Mines 474 Bitcoin, Boosting Eco-Friendly Crypto Holdings
El Salvador mined nearly 474 Bitcoin using volcanic power, adding $29 million to its national crypto stash. This eco-friendly approach brings their total holdings to 5,750 BTC, valued at $354 million. President Bukele, a Bitcoin champion, has been steadily accumulating Bitcoin through a DCA strategy, reportedly yielding over 43% in unrealized profits. El Salvador's commitment to transparency is evident in their new platform allowing public access to Bitcoin investment data.
#ElSalvadorBitcoin $BTC #Bitcoin
El Salvador mined nearly 474 Bitcoin using volcanic power, adding $29 million to its national crypto stash. This eco-friendly approach brings their total holdings to 5,750 BTC, valued at $354 million. President Bukele, a Bitcoin champion, has been steadily accumulating Bitcoin through a DCA strategy, reportedly yielding over 43% in unrealized profits. El Salvador's commitment to transparency is evident in their new platform allowing public access to Bitcoin investment data.
#ElSalvadorBitcoin $BTC #Bitcoin
