El Salvador's millennial crypto-loving president says the country's bitcoin holdings are up more than 40%
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As of March 1, 2024, El Salvador's president, Nayib Bukele, reported that the country has 2,848 bitcoins in its treasury, valued at roughly $173 million. Bukele has also said that the country will not sell its bitcoin.
Bukele made waves in 2021 when he made El Salvador the first country to adopt cryptocurrency as legal tender. After entering office, he also introduced a crypto wallet to spread adoption and started buying up tokens as investments, which has drawn criticism from market watchers and commentators, including those at the International Monetary Fund. #Write2Earnn