Nayib Bukele, President of El Salvador, took to X to share an update on the country’s progress following action Bitcoin It is the currency used to legally settle national debts.
Bukele proudly stated that El Salvador’s investment in Bitcoin will leave all the media outlets that mocked their decision speechless. Not only did El Salvador recover all of its Bitcoin investments, but it also generated over millions of dollars in revenue.
This is what would happen if they sold all their bitcoins now, but Bukele made it clear that they have no intention of selling any.
Early investor and Bitcoin enthusiast Max Keizer also moved to El Salvador to become Bukele’s Senior Bitcoin Advisor.
Bukele went on to say, “#Bitcoin investing in El Salvador is going great!”, referring to the current price of Bitcoin if El Salvador decided to sell all of its BTC. It will make them “not only did she return 100% of her investment, but she also made a profit of $3,620,277.13” (at this time)
Nayib Bukele reminds the community that three years ago he decided to transform the country’s economy in favor of Bitcoin and make BTC the national currency of El Salvador. There are thousands of articles mocking them for their losses in this investment.
It is believed that he was happy that many criticized his long-term plans to use Bitcoin to bring the country to a better place and used the rising price of Bitcoin to criticize the critics.
source: Yo today
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