The meteoric rise of Bitcoin pushes El Salvador’s investment value to 565million US dollarsequivalent to about 100% profit.
El Salvador is benefiting greatly from the Bitcoin “game”.million US dollarsequivalent to 1.5% of the country’s GDP.
El Salvador President Buquele used his X account to respond to those who criticized him for investing in Bitcoin.
The story begins in 2021, when El Salvador decided to use the national budget to “fish” for Bitcoin, a bold move at the time.
This investment once made the IMF worried about El Salvador’s financial situation.
El Salvador also recently announced its third bond purchase of the year.million US dollars.
