$31 Million in Profit Three Years Later

Author: Mustafa Mulla

Mustafa Mulla

Author

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

Sep 7, 2024 18:19

El Salvador is celebrating a major win as it marks three years of Bitcoin as legal tender. Despite early criticism and market volatility, the country is now sitting on over $31 million in Bitcoin profit. Having bought Bitcoin daily since 2021 at an average price of $43,877, El Salvador’s holdings are currently valued at $54,300 per BTC. With 5,865 Bitcoins worth over $318 million, President Nayib Bukele’s bold decision is proving to be a financial success, showing that patience in the crypto market can lead to impressive gains