El Salvador’s Bitcoin Gamble Yields $24.54M

As the Bitcoin price exceeds the $77,000 mark for the first time, El Salvador’s Bitcoin bet is starting to pay off. Back in November 2022, when Bitcoin hit its low of 16.7k, President Nayib Bukele of El Salvador committed to buying 1 Bitcoin daily. Fast forward to today, El Salvador’s Bitcoin holding has reached 722 BTC at an average of under $42,000. With a significant return of $24.54 million, an impressive 81% rise, Bukele’s Bitcoin bet is paying off.