El Salvador's Bitcoin Investment Surges 40% Amid Market Rally

President Nayib Bukele remains steadfast in not selling the nation's cryptocurrency holdings, highlighting the profit potential and criticizing media skepticism.

• El Salvador's Bitcoin holdings have appreciated over 40%, with President Nayib Bukele announcing the nation's significant profit potential on social media.
• Despite the market rally, Bukele asserts El Salvador has no plans to sell its Bitcoin, emphasizing '1 BTC = 1 BTC' as a principle.
• The country's Bitcoin investment strategy, initiated in September 2021, has been met with both criticism and support, including from the International Monetary Fund.
• Bukele's re-election with an overwhelming majority earlier this month underscores his popularity, partly due to his stance on Bitcoin and efforts to reduce gang violence.
• El Salvador's approach to Bitcoin includes a citizenship program for foreign investors, further integrating cryptocurrency into its economic strategy.

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