- December 5, 2024
- Posted by: admin
- Category: BitCoin, Blockchain, Cryptocurrency, Investments
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The post El Salvador’s Bitcoin Bet Pays Off as BTC Hits $102K, With 118% Surge in BTC Holding appeared first on Coinpedia Fintech News
El Salvador’s bold Bitcoin strategy is paying off as the cryptocurrency reaches an impressive $102,000. Under President Nayib Bukele’s leadership, the nation has seen a 118% surge in its Bitcoin holdings this year. Since November 2022, El Salvador has been buying one Bitcoin daily, amassing nearly 6,000 Bitcoins. At current prices, this stash is valued at over $611 million, making up nearly 2% of the country’s GDP. This milestone highlights the nation’s commitment to Bitcoin as a key part of its economic vision.
