The post El Salvador’s Bitcoin Investment Turns Profitable! appeared first on Coinpedia Fintech News
El Salvador’s Bitcoin investment is now profitable, says Nayib Bukele. During the start, the country’s decision to adopt Bitcoin as legal tender in September 2021 sparked controversy and criticism, with many predicting significant losses for the government. However, as of now, El Salvador’s Bitcoin holdings are worth over $36 million more than the initial investment of $150 million. The country’s president, Nayib Bukele, has stated that the investment was never intended to be sold but rather a long-term strategy. It remains to be seen whether other countries will follow El Salvador’s lead and adopt Bitcoin as legal tender.
#CryptoLiveNews #Bitcoin [Source: Coinpedia]