Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ADOPTION NEWS»Bitcoin betting in El Salvador is paying dividends amid the recent cryptocurrency rally, President Nayib Bukele said.
ADOPTION NEWS

Bitcoin betting in El Salvador is paying dividends amid the recent cryptocurrency rally, President Nayib Bukele said.

By Crypto FlexsDecember 4, 20233 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Bitcoin betting in El Salvador is paying dividends amid the recent cryptocurrency rally, President Nayib Bukele said.
Share
Facebook Twitter LinkedIn Pinterest Email

El Salvador’s President Nayib Bukele applauded all opponents who questioned his country’s decision to buy Bitcoin, the world’s largest cryptocurrency by market capitalization.

Bukele told X that his country’s controversial investment in Bitcoin is now paying off. “Bitcoin in El Salvador “Investment is in surplus” Posted on Monday“At the current Bitcoin market price, if we sell our Bitcoin, we will not only recover 100% of our investment but also make a profit.”

The small Latin American nation of El Salvador made Bitcoin a fiat currency alongside the US dollar in September 2021. After that, El Salvador also began purchasing Bitcoin periodically. Although the amount of Bitcoin accumulated is relatively small, the country’s portfolio is worth approximately $131 million. Bukele’s post — The fact that sovereign nations are purchasing cryptocurrencies is significant, as many countries still view it with a lot of skepticism.

Bukele said in his post that the recent rise in Bitcoin prices has boosted the price in El Salvador by about $3.6 million.

He added, “We have no intention of selling.” “That has never been our goal. We are fully aware that prices will continue to fluctuate in the future and this does not affect our long-term strategy.”

bitcoin BTC

+5.69%
After falling below $17,000 at the end of 2022, it is currently trading above $41,000.

the president counterattacks

Bukele also seemed eager to score a victory considering his past criticism of his move to use government funds to buy bitcoin for his country.

“It is important that the opponents and authors of the hit piece retract their statements,” he said. “The responsible thing to do would be for them to issue a retraction, issue an apology, or at least acknowledge that El Salvador is now making profits.”

At one point, the value of El Salvador’s portfolio fell dramatically as the price of Bitcoin fell during the start of the cryptocurrency winter, leading some to question the wisdom of Bukele’s financial strategy.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Ether Lee (ETH) tests major support for $ 4,453 after the highest rejection.

August 31, 2025

Bitcoin analysts bet on $ 200K after hints of Fed.

August 23, 2025

‘Self -transactions, dressed in capital layout’: The cryptocurrency financial craze divides the industry.

August 15, 2025
Add A Comment

Comments are closed.

Recent Posts

RLUSD Stablecoin is extended to Africa to supply power to the border between the border.

September 5, 2025

Bybit Establishes New B2B Unit To Drive Institutional Adoption Of Digital Assets

September 5, 2025

Lowkick Studio Launches $SHARDS Token On Top Tier Exchanges For WorldShards MMORPG

September 5, 2025

The cryptocurrency is falling when the tokens and stocks connected to Trump are under pressure.

September 5, 2025

Cango Inc. Reports Second Quarter 2025 Unaudited Financial Results

September 5, 2025

Coindesk July 2025 Report: Stablecoins and CBDC

September 5, 2025

NOWPayments To Participate In SiGMA Europe Rome 2025

September 4, 2025

Web3 Enabler Announces Blockchain Payments V3.1 At Northeast Dreamin In Boston

September 4, 2025

Is XRP The Dark Horse Of The Cryptocurrency World? Earn 652 XRP Daily Using Invro Mining’s Smart Contract

September 4, 2025

TRX Was Early, ETH Set The Standard, BNB Built The Scale- Now SYC Brings The Next Evolution

September 4, 2025

Sign Up And Receive $500 Bonus, Ushering In A New Era Of Compliant And Secure Crypto Investment

September 4, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

RLUSD Stablecoin is extended to Africa to supply power to the border between the border.

September 5, 2025

Bybit Establishes New B2B Unit To Drive Institutional Adoption Of Digital Assets

September 5, 2025

Lowkick Studio Launches $SHARDS Token On Top Tier Exchanges For WorldShards MMORPG

September 5, 2025
Most Popular

The analyst said the early bull market stages see Dogecoin soaring to huge targets ‘when things get rough’.

December 12, 2024

$270.4 million liquidated as cryptocurrency market sell-off continues

June 11, 2024

KZG Awards Grant Round | Ethereum Foundation Blog

December 11, 2023
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.