๐ฅ๐ฅ Breaking News from El Salvador: $400 Million Bitcoin Transfer Announced by President Bukele! ๐ธ๐ป๐ฐ
In a groundbreaking move, President Nayib Bukele of El Salvador, who recently secured re-election, revealed that the country has transferred approximately $400 million worth of Bitcoin to a new cold wallet. ๐๐ผ
El Salvador, known for pioneering Bitcoin as an official currency in 2021, has stood firm in its decision despite criticism from the Western world. Now, as Bitcoin continues to soar in value, El Salvador is reaping the rewards of its forward-thinking policy. ๐๐ก
President Bukele's announcement comes as a significant milestone, signaling the country's commitment to its cryptocurrency strategy. In a statement, Bukele emphasized the importance of financial prudence, likening the new cold wallet to an official piggy bank. ๐ท๐ผ
While initial estimates suggested El Salvador held around 2800 BTC, Bukele's transfer reveals that the country possesses at least double that amount. This strategic move underscores El Salvador's growing presence in the crypto market. ๐ช๐
Furthermore, Bukele's pledge in November 2022 to purchase 1 Bitcoin daily showcases the country's dedication to embracing digital assets as part of its economic vision. ๐ ๐ธ
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