Elon Musk admired the profits of El Salvador, which is more than $ 300 million in Bitcoin ⋅ Cracking the world
El Salvador President Nayb Bokil Celebrates the success of the country as Bitcoin Property exceeds $ 300 million in unintended profit.
December 5 mail On X (formerly Twitter), Bukele shared a screenshot showing that Bitcoin’s bitcoins in the country amounted to more than $ 600 million. This height came when the Bitcoin price rose to $ 100,000, as it reached the highest level ever at 103,465.81 dollars.
According to screenshots, the value of bitcoin possesses in El Salvador increased by 117.74 %, reaching about $ 603 million. The numbers of the agent show that the country initially invested about 269.7 million dollars in Bitcoin, which led to an unintended profit exceeding 335 million dollars.
The term “unintended profit” indicates the difference between the initial purchase price and the current market value of assets, which changes with market fluctuations.
Over the years, the steady commitment to the bitcoin made the support point and axial criticism.
Despite repeated warnings from international financial organizations, including International Monetary Fund (International Monetary Fund)The Bukele administration has continued to assemble the leading digital assets since it became a legal tender in 2021.
In addition, the government provided a A group of initiatives To further incorporate bitcoin into the national economy. This includes exploring the country’s use Volcanoes to extract bitcoin And the launch of BTC Training and certification training program For public officials.
Society interacts
The encryption community was supported primarily Al Salvador Bitcoin StrategyNoting a significant increase in the country’s financial position.
Elon MuskHe is a prominent technical lawyer and an encryption lawyer, to praise The impressive profits achieved by the Central American country since its adoption of the highest encryption.
According to Archham’s intelligence DataBitcoin’s Bitcoin’s Company, the company of Musk’s Tesla Bitcoin also recovered a billion dollar sign amid BTC’s high prices. If the company held all bitcoin that it bought in 2021, it would now value $ 4 billion.
Meanwhile, Stacy Herbert, director of the Salvador Bitcoin Office, approved the team’s efforts behind the country’s success, saying:
“A lot of hard work has gone to this success. One day, the story will be narrated on how a very small team occurs from us.”
Pamphlet Elon Musk admired Salvador’s earnings of more than $ 300 million in Bitcoin First appear on Cryptoslate.
