El Salvador’s strategy of shopping for 1 Bitcoin a day has paid off. Since November 18, 2022, the authorities has purchased 1 BTC a day, bringing the total to 969 Bitcoin.
The $54.15 million investment is now worth $115.18 million. BTC purchased at a median assign of $55,886 at this time represents an unrealized income of 113%. The authorities’s complete Bitcoin holdings accumulate reached 6,236 BTC, worth approximately $740 million.
El Salvadoran President Nayib Bukele continues to protect his country’s cryptocurrency insurance policies and downplay criticism. He has no longer too lengthy ago focused the “El Salvador Accountability Act of 2025,” a bill launched by US Democratic Senators Tim Kaine, Chris Van Hollen, and Alex Padilla.
The bill aims to analyze whether the Salvadoran authorities is the express of cryptocurrencies as a “machine of regime corruption” and freeze the country’s property if foremost. Bukele responded to the proposal with a sarcastic submit on the social media platform X.
Bukele has previously focused a complete lot of authorities on social media, collectively with the World Monetary Fund (IMF) and the Venezuelan authorities. This time, he focused US senators and didn’t retain again from belittling other folks that criticized his insurance policies.
Bukele’s responses are no longer puny to social media. His recent rapprochement with dilapidated US President Donald Trump is additionally mighty. Trump supported the detention of some deportees from the US in El Salvador’s mega-detention heart. This style suggests a fresh shift in Bukele’s foreign places coverage stance.
*This is never any longer investment advice.
