While the top cryptocurrency enjoys an unprecedented increase, El Salvador Bitcoin has generated a profit of $119,000,000. The country was among the first to defend the crypto currency in recent times. Officially, in 2021 the currency became legal tender.
This bet is paying off big time now. The bet appears to have paid off in a big way now. Donald Trump If the United States is able to win the presidential election in 2024, it will have the country’s first pro-crypto leader. The token has reached an all-time price of $82,000 due to this fact.
JUST IN: 🇸🇻 El Salvador #Bitcoin investment surpasses $119 million profit.
— Watcher.Guru (@WatcherGuru) November 11, 2024
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El Salvador Bitcoin Investment Returns $119 million in Profit
Crypto has changed forever in the year 2024. Bitcoin was one of this year’s most significant financial stories. It became the United States’ first crypto-based ETF back in January. It has since set three new price records.
It has been beneficial to everyone who made an investment in this asset. El Salvador is the first, with a Bitcoin investment that has now exceeded $119 million. In fact, El Salvador adopted Bitcoin over three years ago. It is now reaping the rewards of an investment that was risky at the time.
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The following is a breakdown of the. Nayib Bukele portfolio tracker, The current investment value is above $82,000, which represents an 86% increase. El Salvador is not the only country to have seen a return on investment above 100%. MicroStrategy’s BTC investments also achieved this. The price movements have been a boon to early adopters who saw the potential of this asset class.
Then, Now Bernstein Has urged investors follow suit. In a note of research, the researchers urged them to purchase as much crypto currency as possible. Most people expect that the price of Bitcoin and other crypto assets will continue to climb. Many experts believe it will reach $100,000 before Trump’s inauguration next year.
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Source: watcher.guru
