During the Long Crypto Winter of 2022, El Salvador, under the leadership of Nayib Bukele, faced financial challenges due to the continuous purchase of bitcoin, causing a drain on public accounts. However, with the appreciation of cryptocurrencies, especially bitcoin, the country saw a recovery, with its 2,381 bitcoins valued at US$87 million, generating a profit of approximately US$2 million. With expectations of a possible increase in the price of bitcoin next year, driven by the halving, the prospects for Bukele's re-election look promising.
Rising bitcoin (BTC) takes El Salvador's funds out of the red more than two years after the country
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