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Who will be the next major entity to announce Bitcoin as legal tender by 2025?
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El Salvador's President Bukele Celebrates $333M Bitcoin Gains, 122% ROI on 6,180 BTC
Dec 8, 2024, 08:31 AM
El Salvador's President Nayib Bukele has celebrated a significant milestone in the country's Bitcoin investment strategy as the cryptocurrency's price surpassed $100,000. The nation's Bitcoin portfolio, which includes 6,180 bitcoins purchased at an average price of $44,739.88, has now yielded over $333 million in unrealized gains, representing a 122% return on investment. The total investment stands at approximately $270 million. Bukele has highlighted these gains to underscore the success of his administration's Bitcoin policy, which has not only increased the country's credit ratings and bond prices but also made El Salvador a global leader in Bitcoin adoption, according to a Bloomberg report.
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