El Salvador continues its "Daily Accumulation of 1 BTC Plan", and currently holds 5,951.77 bitcoins, with a total value of approximately 565 million US dollars. This Central American country has been actively increasing its crypto asset reserves since it adopted bitcoin as legal tender.
This strategy has garnered widespread attention in the market, with supporters believing it will contribute to El Salvador's economic growth and financial innovation, while critics worry about the risks posed by bitcoin's price volatility.
Regardless, El Salvador's bold experiment provides an interesting case study for the global blockchain industry.🌍📈