Countries like El Salvador, which boldly embraced Bitcoin as legal tender in 2021, are among those celebrating substantial returns on their investment.Just two weeks ago, amidst Bitcoin’s price hovering around $60,000, President Bukele unequivocally stated that the country had no plans to sell its Bitcoin holdings.This highlighted that the nation’s profit margin has soared even higher, reaching an impressive 62%.
With his tweet, Bukele outlined that converting the treasury’s substantial holdings to fiat currency would translate to over $204.4 million at the current market valuation.on the Web3 Deep Dive channel, offered insights into Bitcoin, crypto politics, and El Salvador’s burgeoning relationship with the cryptocurrency.“El Salvador will probably be the most attractive country in the world, gone from the poorest most crime-ridden country to maybe one of the richest most.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gold-backed ETFs see outflows as Bitcoin gains investment demandThe debate between gold and Bitcoin intensifies as gold-backed ETFs experience outflows while Bitcoin gains investment demand.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Bitcoin: Is following BTC whales even profitable?Whales trading Bitcoin at $40.5K missed profit opportunities, potentially causing short-term downward pressure.
Source: CryptoAmb - 🏆 22. / 68 Read more »
Will Bitcoin Halving Increase Price? Everything You Need to KnowCurious is Bitcoin halving will increase its price? Dive into our guide, unraveling the factors influencing Bitcoin's price post-halving.
Source: CryptoAmb - 🏆 22. / 68 Read more »
How Many Bitcoin Halvings Are Left and What Happens After That? (Explained)Explore the future of Bitcoin halvings! Our explanation covers how many Bitcoin halvings are left and the potential implications thereafter.
Source: CryptoAmb - 🏆 22. / 68 Read more »
Gary Gensler remains silent on Ethereum ETFs: What now?With Bitcoin ETFs now approved, the focus shifts to an Ethereum ETF. But unlike Bitcoin, the approval timeline for ETH ETFs is unclear.
Source: CryptoAmb - 🏆 22. / 68 Read more »
Bitcoin hits new ATH above $72k, could challenge gold’s position in ‘non-confiscatability’The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »