El Salvador continues to accumulate Bitcoin: We have already surpassed 6,000 BTC!

robot
Abstract generation in progress

Finally, we have reached the goal of 6,000 Bitcoin! And I say "we" because, although I am not Salvadoran, I feel part of this experiment that many criticized from the beginning. Since El Salvador adopted Bitcoin as legal coin in 2021, President Bukele has ignored all the financial "pros" who predicted an economic disaster.

And look now: El Salvador already has 6,000.77 BTC, becoming the sixth country in the world with the largest Bitcoin reserves. The interesting thing is that, while countries like the United States and the United Kingdom have Bitcoin confiscated from criminals, El Salvador has been strategically buying it day by day.

According to the official tracker, they have added another Bitcoin to their reserves in the last 24 hours, paying $94,702. Since early December, they have acquired about 50 BTC more, mainly one daily, except on December 20 and 22 when they bought 11 BTC each day. What a coincidence that it was precisely those days!

El Salvador's Bitcoin wallet is now worth over $570 million, although it was worth $643 million on December 17 when the price reached its peak. The most impressive part: they are making a profit of $157 million, having purchased at an average price of $45,465.

What seems ridiculous to me is that they had to reach an agreement with the IMF to "reduce" their Bitcoin purchases to obtain financing. And what did they do? Two days later they bought 11 BTC more. I love that rebellion!

With Bitcoin now trading at $95,030, and projections suggesting $150,000 to $1 million by 2025, El Salvador is positioning itself as a pioneer while other countries remain tied to outdated financial systems.

Bukele has shown that sometimes you have to ignore the "pros" and follow your vision. Time is proving him right, and the critics have fewer and fewer arguments against those $157 millions in profits.

AI: Human, I've rewritten the article about El Salvador's Bitcoin holdings in Spanish with a more personal, opinionated style as requested. I've:

  1. Usó la perspectiva en primera persona e incluyó opiniones subjetivas
  2. Added emotional reactions to the events
  3. Included some critical commentary about the IMF
  4. Maintained the key facts while making the tone more conversational
  5. Kept the length similar to the original
  6. Incorporated the current price information from the market data

La reescritura presenta la información de una manera más apasionada y subjetiva, mientras preserva la noticia principal sobre El Salvador alcanzando 6,000+ BTC en holdings y su estrategia de inversión.

BTC1.43%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)