Dark Mode
Blogs
El Salvador’s government now holds Bitcoin valued at over $150 million, a significant increase from its initial investment. Since approving Bitcoin as legal tender in 2022, the country’s holdings have surged, boosted by President Nayib Bukele’s decision to purchase 1 BTC daily. With approximately 2,380 BTC accumulated at an average price of $44,300, the recent market peak saw the value rise to $164.7 million, representing a 53% profit. Bukele criticized media coverage of the government’s economic policy, highlighting the potential profit and emphasizing the country’s reliance on its citizenship program for BTC. Despite being a pioneer in adopting a “Bitcoin standard,” no other nations have officially followed suit. However, experts like Samson Mow anticipate more nation-states, alongside corporations and institutional buyers, embracing Bitcoin in the future. Mow emphasized the influx of price-insensitive buyers contributing to Bitcoin’s upward trajectory but cautioned readers that investments involve risks, advising independent research before making decisions.
Did you like this article?
Did you like this article?
Toronto is about to “spring forward.” At 2 a.m. on March 8, clocks across much of Canada — including Toronto — will move one hour ahead as daylight saving time begins. The seasonal shift is designed to make better use of daylight during the warmer months by pushing...
With the 2026 FIFA World Cup set to kick off this summer, the Royal Canadian Mint has unveiled a collection of limited-edition commemorative coins celebrating the global tournament. The collection includes six unique designs made from silver and pure gold, each...
Walking through the streets of Cartagena, one of the most recognizable sights is the palenqueras — Black women dressed in vibrant dresses and head wraps, carrying bowls of fruit and sweets on their heads. For many visitors, they are a symbol of the city’s colorful...
Toronto is about to “spring forward.” At 2 a.m. on March 8, clocks across much of Canada — including Toronto — will move one hour ahead as daylight saving time begins. The seasonal shift is designed...
With the 2026 FIFA World Cup set to kick off this summer, the Royal Canadian Mint has unveiled a collection of limited-edition commemorative coins celebrating the global tournament. The collection...
Toronto’s Latin music scene is about to turn up as Chencho Corleone takes the stage on March 6 at REBEL. Known as one of the architects of modern reggaeton, Chencho helped shape the genre as half of...
0 Comments