El Salvador’s bold bet on Bitcoin has paid off big time. Since making the cryptocurrency legal tender, the country has raked in millions in profits.
Bitcoin Profits Soar
As Bitcoin hit a new high of $66,000, El Salvador’s profits soared. The country has amassed over 5,751 Bitcoin, worth around $379 million.
Mining Success
El Salvador has also mined 474 Bitcoin, worth $29 million, using its volcanic geothermal energy.
Bukele’s Bitcoin Vision
President Nayi Bukele is a big fan of Bitcoin, seeing it as a way to boost the economy and make it easier for people to access financial services.
Bitcoin’s Rise
Bitcoin has been on a tear lately, reaching $66,000 for the first time since April. Analysts believe the cryptocurrency could continue to rise as bearish sentiment fades.
Market Momentum
Bitcoin’s trading volume has skyrocketed, showing growing interest from investors and traders. Its market cap has also jumped by over $1.3 trillion.
