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El Salvador's President Nayib Bukele is basically doing a victory dance with his Bitcoin stash! đșđ°
He hopped onto X (formerly Twitter) and flashed a cool US644 million worth of Bitcoin($BTC ), like a digital treasure chest.
But here's the kicker: he's sitting on a whopping US357 million profit! Imagine finding that kind of spare change in your couch cushions! đ€Ż
El Salvador's been stacking Sats (that's Bitcoin lingo!) since 2021, even letting folks use it for everyday stuff. In fact, back in 2022, more people were rocking Bitcoin Lightning wallets than had boring old bank accounts. Talk about a digital revolution!
So, they're currently holding onto 6,181 Bitcoins, which they snagged at an average price of around US$45,465 each, as of February 2025 (time traveler alert!). And get this, they kept buying even after the International Monetary Fund (IMF) was like, "Maybe chill a bit on the Bitcoin, guys?" đ
Basically, Bukele's playing the long game, and right now, he's winning! đ
#BTC #elsavador #Bukele
He hopped onto X (formerly Twitter) and flashed a cool US644 million worth of Bitcoin($BTC ), like a digital treasure chest.
But here's the kicker: he's sitting on a whopping US357 million profit! Imagine finding that kind of spare change in your couch cushions! đ€Ż
El Salvador's been stacking Sats (that's Bitcoin lingo!) since 2021, even letting folks use it for everyday stuff. In fact, back in 2022, more people were rocking Bitcoin Lightning wallets than had boring old bank accounts. Talk about a digital revolution!
So, they're currently holding onto 6,181 Bitcoins, which they snagged at an average price of around US$45,465 each, as of February 2025 (time traveler alert!). And get this, they kept buying even after the International Monetary Fund (IMF) was like, "Maybe chill a bit on the Bitcoin, guys?" đ
Basically, Bukele's playing the long game, and right now, he's winning! đ
#BTC #elsavador #Bukele
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Nayib Bukele Makes a Scene: El Salvador is 'In Debt' While 'Mining' Bitcoin!
El Salvador's President, Nayib Bukele, began his second term in office with a focus on economic recovery. Having brought gang violence under control, he now faces the challenges of a stagnant economy. Even though the Bitcoin City project has not attracted the expected investment and the country's public debt stands at $30 billion, Bukele remains committed to the cryptocurrency, with El Salvador buying 1 Bitcoin every day. His innovative economic policies attracted attention, but he had to carefully navigate the economy to ensure stability and growth. The world is waiting to see whether Bukele's strategy will successfully integrate crypto into El Salvador's economy.
#elsavador
#Bitcoin #NayibBukele
El Salvador's President, Nayib Bukele, began his second term in office with a focus on economic recovery. Having brought gang violence under control, he now faces the challenges of a stagnant economy. Even though the Bitcoin City project has not attracted the expected investment and the country's public debt stands at $30 billion, Bukele remains committed to the cryptocurrency, with El Salvador buying 1 Bitcoin every day. His innovative economic policies attracted attention, but he had to carefully navigate the economy to ensure stability and growth. The world is waiting to see whether Bukele's strategy will successfully integrate crypto into El Salvador's economy.
#elsavador
#Bitcoin #NayibBukele
JUST IN: đžđ» El Salvador offers 5,000 free passports to highly skilled scientists, engineers, doctors, artists, and philosophers from abroad.
This will grant them full citizen status, including voting rights.
đReduce crime and attract skilled workers.
Is this your time to go to El Salvador?
#Write2Earn #elsavador #BinanceNews #BullorBear $BTC
This will grant them full citizen status, including voting rights.
đReduce crime and attract skilled workers.
Is this your time to go to El Salvador?
#Write2Earn #elsavador #BinanceNews #BullorBear $BTC
đ El Salvador Eliminates Income Tax for Foreign Investments and Remittances !
The Legislative Assembly of El Salvador has approved a measure to eliminate income tax on foreign investments and remittances, reducing it from 30% to 0%. There are no effective limits on the amount eligible for this tax reduction.
#Write2Earn⏠#elsavador $BTC
The Legislative Assembly of El Salvador has approved a measure to eliminate income tax on foreign investments and remittances, reducing it from 30% to 0%. There are no effective limits on the amount eligible for this tax reduction.
#Write2Earn⏠#elsavador $BTC
IMFâs $1.4B Offer Declined: El Salvador Sticks to Bitcoin Law
Since adopting Bitcoin as legal tender, cryptocurrency has become integral to El Salvadorâs financial space. The country is currently in talks with the International Monetary Fund (IMF) for credit opportunities. However, the discussions between both parties have halted regarding the $1.4 billion credit line essential for the countryâs debt payments and obligations.
Bitcoinâs role in El Salvadorâs economy has become a focal point in discussions between the government and the IMF. Talks have hit a roadblock as the IMF insists on changes to El Salvadorâs stance on cryptocurrency.
However, President Nayib Bukeleâs adherence to the Bitcoin Law passed in 2021 has been a stumbling block, as negotiations were suspended two years ago. The government aims to leverage the IMF credit line to ease debt payments, but the IMF states that Bitcoin has inherent downsides.
President Bukele has reinforced his crypto policies since his re-election in February. An X post by blockchain researcher Marcel Knobloch further clarifies Bukeleâs position on the Bitcoin laws.
Per his post, âDespite IMF concerns, Bukele has remained steadfast in his cryptocurrency policies, vowing to continue accumulating Bitcoin reserves daily until itâs financially unfeasible.â
Negotiations between the countryâs authorities and the IMF are set to restart on April 15, testing the countryâs resolve on the Bitcoin law stance. President Bukeleâs brother, Ibrahim Bukele, will head the Salvadorian entourage.
El Salvador Leverages Bitcoin Technology for Innovative Hotel Project
El Salvador is set to launch its new Hilton hotel, which will employ Bitcoin technology for tokenized debt. Bitfinex Securities, the countryâs first registered cryptocurrency service provider, will fund this project. The âHampton by Hilton Hotelâ project, located near the international airport, aims to realize $6.25 over the next five years, giving investors a 10% return through tokens sold on the Bitcoin Layer 2 Liquid Network over the same period.
These tokens can be purchased at a minimum rate of $1000, signifying improvement in the local capital market and increasing access to investment opportunities within the country. The 4,500-square-foot hotel will include 80 rooms, commercial centers, and recreational facilities like gyms and swimming pools.
Moreover, token holders will receive added benefits, such as accommodation based on investment. This development is part of El Salvadorâs broader aim of utilizing Bitcoinâs potential and revolutionizing digital currency within its economy.
#Write2Earrn #elsavador $BTC #IMF #IMFEconomy
Bitcoinâs role in El Salvadorâs economy has become a focal point in discussions between the government and the IMF. Talks have hit a roadblock as the IMF insists on changes to El Salvadorâs stance on cryptocurrency.
However, President Nayib Bukeleâs adherence to the Bitcoin Law passed in 2021 has been a stumbling block, as negotiations were suspended two years ago. The government aims to leverage the IMF credit line to ease debt payments, but the IMF states that Bitcoin has inherent downsides.
President Bukele has reinforced his crypto policies since his re-election in February. An X post by blockchain researcher Marcel Knobloch further clarifies Bukeleâs position on the Bitcoin laws.
Per his post, âDespite IMF concerns, Bukele has remained steadfast in his cryptocurrency policies, vowing to continue accumulating Bitcoin reserves daily until itâs financially unfeasible.â
Negotiations between the countryâs authorities and the IMF are set to restart on April 15, testing the countryâs resolve on the Bitcoin law stance. President Bukeleâs brother, Ibrahim Bukele, will head the Salvadorian entourage.
El Salvador Leverages Bitcoin Technology for Innovative Hotel Project
El Salvador is set to launch its new Hilton hotel, which will employ Bitcoin technology for tokenized debt. Bitfinex Securities, the countryâs first registered cryptocurrency service provider, will fund this project. The âHampton by Hilton Hotelâ project, located near the international airport, aims to realize $6.25 over the next five years, giving investors a 10% return through tokens sold on the Bitcoin Layer 2 Liquid Network over the same period.
These tokens can be purchased at a minimum rate of $1000, signifying improvement in the local capital market and increasing access to investment opportunities within the country. The 4,500-square-foot hotel will include 80 rooms, commercial centers, and recreational facilities like gyms and swimming pools.
Moreover, token holders will receive added benefits, such as accommodation based on investment. This development is part of El Salvadorâs broader aim of utilizing Bitcoinâs potential and revolutionizing digital currency within its economy.
#Write2Earrn #elsavador $BTC #IMF #IMFEconomy
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