El Salvador’s Bitcoin Bet Pays Off: $31 Million in Profit Three Years Later

The post El Salvador’s Bitcoin Bet Pays Off: $31 Million in Profit Three Years Later appeared first on Coinpedia Fintech News

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