Overview

• El Salvador's Bitcoin investment is now profitable, with a net gain of $3.6 million, according to President Nayib Bukele.
• The country holds 2,762 Bitcoin, with an average price of $42,433.42 and a current market value of over $115 million.
• Despite criticism and fluctuations in Bitcoin's value, Bukele reaffirms that El Salvador has no intention of selling and remains committed to its long-term strategy.
• El Salvador became the first country to declare Bitcoin as legal tender in 2021 and has been buying one Bitcoin daily since November 2022.
• The country's Bitcoin investment strategy has been controversial, but Bukele defends it as a hedge against inflation and a boost for tourism and investment.