CandleFocus El Salvador Surpasses 5,800 BTC in Daily Bitcoin Accumulation
2024-09-12
Author: Content Editor
El Salvador has been consistently adding one Bitcoin to its national reserves every day for the past 665 days, regardless of market conditions. This strategy has increased the government's Bitcoin holdings to 5,871 BTC, valued at approximately $342 million. The initiative was started by President Nayib Bukele's administration to build a digital asset reserve and embrace Bitcoin as legal tender. Despite challenges and low adoption rates, El Salvador remains committed to Bitcoin and sees it as a key component of its economic strategy. The country's bold Bitcoin strategy reflects its strong belief in the potential of cryptocurrency, despite international scrutiny.
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