,Two years ago, El Salvador took a bold step: they started buying Bitcoin daily. To date, the country has accumulated a massive stash of Bitcoin with 6,158 BTC. At current prices, this amount is worth approximately 518 million USD. But what is noteworthy is that they have made a profit of up to 138 million USD.
When President Nayib Bukele first announced El Salvador's plan to invest fully in Bitcoin, many believed it was a risky gamble. After all, making a cryptocurrency the national currency is not a standard practice. But Bukele has remained steadfast in his decision, continuously buying BTC even during market downturns.
Now, with the recent recovery of Bitcoin, this strategy seems to be paying off. In addition to profits, El Salvador's move has also put them on the global map as a pioneer in the cryptocurrency field. They have attracted Bitcoin enthusiasts, cryptocurrency tourists, and even some curious international investors about the country's bold experiment.
Of course, not everyone agrees with this idea. Critics point out the risks of tying too much of the country's financial future to something as volatile as Bitcoin. But for now, El Salvador is standing firm with a growing investment portfolio and a large amount of money to prove it.
Love it or hate it, you must admit: this tiny country's Bitcoin experiment is making waves. Who knows where it will go next?
