🔥💥El Salvador continues to accumulate 1 BTC every day
#ElSalvador relies on Bitcoin for its economic future.
September paying off: In September 2021, El Salvador made history by becoming the first country to recognize #Bitcoin as a legal means of payment alongside the U.S. dollar. Since then, the government has redoubled its efforts to integrate BTC into the national economic structure Decrying the reservations expressed by the IMF.
The " 1 Bitcoin per Day " program, launched in November 2022, embodies El Salvador's intention to create BTC reserves in the long term. Bitcoins received on a daily basis are stored in the same wallet that was recently used to secure a significant part of the country's BTC assets.
For security reasons, the government of El Salvador recently transferred a significant part of its Bitcoin assets to a cold wallet and stored them in a physical safe on national territory.
Thanks to this regular buying strategy, El Salvador has benefited from the recent increase in the Bitcoin price. the country where 5,748 BTC is held, representing more than $ 360 million, is currently recording a capital gain of $ 57 million.
Although El Salvador's BTC reserves remain modest compared to other governments or companies such as MicroStrategy, the country believes that Bitcoin is an asset that will gain value and use in the future.
The recently launched blockchain researcher by the National Bitcoin Office (ONBTC) further confirms El Salvador's commitment to transparency regarding BTC transactions.
El Salvador's unwavering commitment to Bitcoin, embodied by its daily purchases and ambitious goal, reflects the country's belief in the potential of cryptocurrency. Although it is still being adopted at a limited level among the public, the government insists on its strategy, convinced that Bitcoin will be the driving force of economic Deceleration for the country.
