$31 Million in Profit Three Years Later

Crypto Live News

Author: Mustafa Mulla

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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.

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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

Source: https://coinpedia.org/crypto-live-news/el-salvadors-bitcoin-bet-pays-off-31-million-in-profit-three-years-later/