🪙 El Salvador Celebrates as Bitcoin Hits $100K Milestone 🚀
Bitcoin ($BTC ) soared past the highly anticipated $100,000 mark this week, and El Salvador's President Nayib Bukele wasted no time sharing his country's impressive gains. 🌍💸
The Central American nation, which made BTC legal tender in 2021, now holds nearly 6,000 BTC. When Bitcoin hit an all-time high (ATH) of $103,679, El Salvador’s crypto portfolio skyrocketed to over $600M—an incredible 123% gain on its $269M investment. Although BTC has since retraced to around $98K, the country's holdings still boast a value of $556M. 📈🔥
President Bukele, known for his bold crypto moves, took to X (formerly Twitter) to share a jaw-dropping unrealized profit of $333.6M. 🤑 Even Elon Musk, tapped by U.S. President-elect Donald Trump to co-lead the new Department of Government Efficiency (D.O.G.E.), called it “legendary.”
Since 2022, El Salvador has been buying one BTC daily, with Bukele vowing to continue until BTC becomes “unaffordable with fiat.” While critics argue gains remain unrealized, Bukele blames opposition leaders for discouraging citizens from embracing Bitcoin’s potential. 💼💡
The crypto surge is further fueled by Trump’s pro-BTC policies, including appointing Paul Atkins as SEC Chair, replacing Gary Gensler. Bitcoin enthusiasts are calling this the "Trump Pump." 🚀
El Salvador's Bitcoin bet has sparked global interest, inspiring nations to rethink crypto adoption. 🌟