A while ago, El Salvador announced that they would buy 1 BTC every day. Spot On-Chain, a successful data provider, shared that El Salvador bought 1 BTC every day and the amount of Bitcoin in its portfolio:
“El Salvador has bought 1 Bitcoin per day for the last 665 days, regardless of the market.
The government currently holds 5,871 BTC (worth $342 million).
In addition to collecting 1, it is known that the remaining 3,046 BTC were purchased for an average of $43,888.”
El Salvador President Nayib Bukele said a while ago that the country would continue to collect BTC every day. El Salvador is expected to continue to support the leading cryptocurrency Bitcoin (BTC) in the coming period.

#ElSalvadors #WhalesBuying

For the past 665 days, the El Salvador government has been consistently buying 1 BTC every single day, regardless of market conditions! 💪

📊 They now hold a staggering 5,871 BTC, valued at $342M, with 3,046 BTC publicly known to have been acquired at an average price of just $43,888!

🔗 Wallet: 32ixEdVJWo3kmvJGMTZq5jAQVZZeuwnqzo

#ElSalvadorBitcoin #ElSalvadors #BTC #btc $BTC

🌍 Only the government of El Salvador is increasing its $BTC reserves in 2024, buying 1 BTC every day, the rest of the countries are gradually selling out.

As of today, the #USGovernment has 214,361 BTC, the #UKGovernment - 61,245 BTC, the #Germany - 26,686 BTC, and #ElSalvadors - 5,806 BTC

🇸🇻🇷🇺 El Salvador proposes using cryptocurrency for trade settlements with Russia.

#ElSalvadors #Write2Earn! #SOFR_Spike #KaleemsCryptoMehfilKCM #BinanceTournament

EL SALVADOR UNVEILS $1.6B BOOST FOR BITCOIN CITY

El Salvador is set to receive a massive $1.6 billion investment from Turkish firm Yilport Holdings to enhance two key ports at Acajutla and La Union, home to the proposed #Bitcoin City.

This marks the largest private investment in the nation’s history.

President Nayib Bukele announced the initiative on 𝕏, highlighting the modernization and economic impact for the region.

$BTC #ElSalvadors #ElSalvadorCrypto #CryptoMarketMoves #WBTCUnderScrutiny #MarketDownturn

El Salvador secures a historic $1.6 BILLION private investment from Yilport Holding to modernize the port at Acajutla and build a new port at La Union, near the planned Bitcoin City. $

#ElSalvadors #Bitcoin #Crypto #Investment #BitcoinCity

El Salvador's President Nayib Bukele continues to bet on Bitcoin as a key tool for the country's economic recovery. Strengthening El Salvador's position as a Bitcoin hub is attracting the attention of international investors and could play a crucial role in reviving the economy, which has suffered from a prolonged crisis.

It seems that El Salvador is turning Bitcoin not just into a currency, but into a lifeline for the economy.

#ElSalvadors
#NayibBukele
#BTC☀

El Salvador Increases Bitcoin Holdings by 162 BTC Through Daily Purchases !!

El Salvador, the first country to adopt Bitcoin as legal tender, has been consistently increasing its Bitcoin reserves, purchasing one Bitcoin daily since March 16, according to Arkham Intelligence.

#ElSalvadors #bitcoinupdates #Marketupdates #CryptoMarketMoves #MtGoxRepayments

🚨JUST IN: 🇸🇻Nayib Bukele President of El Salvador on $TON Founder Pavel Durov Arrest

"El Salvador is not only the safest country in the Western Hemisphere, but we also guarantee that you won’t be arrested, or have your assets seized for exercising your right to free speech." #PavelDurov #TONUSDT #ElSalvadors #NayibBukele

Latam Insights : El Salvador Offers Bitcoin Instruction to 80,000 Public Servants ; Mercado Libre Launches Stablecoin

#StablecoinDebate #stable-traders #ElSalvadors
#StableMarket #ElSalvadors

Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue: El Salvador will offer bitcoin certification for public servants, Mercado Libre launches an in-house developed dollar-pegged stable coin, and Paraguay keeps seizing illegal bitcoin mining operations.

El Salvador proposes #Bitcoin $BTC as the currency for trade with Russia🇸🇻🤝🇷🇺
#CryptoNews #BTC☀ #ElSalvadors #Russia

Bitcoin Adoption in El Salvador 🇸🇻
President Nayib Bukele of El Salvador has admitted that the country’s Bitcoin adoption hasn’t met initial expectations. This revelation has sparked intense debates about the future of cryptocurrency in El Salvador. Critics argue that the strategy needs a revamp, while supporters believe in its long-term potential. Investors are now re-evaluating their positions, considering the broader implications for the global crypto market. Will El Salvador adjust its approach to Bitcoin, or stay the course? Stay informed with the latest news and expert opinions. #ElSalvadors #bitcoin☀️ #CryptoNewss

El Salvador continues to deepen its engagement with the Bitcoin (BTC) market. The Latin American nation has been buying one Bitcoin every day since March, striving to continue this practice until it becomes unaffordable with fiat currencies. This plan has pushed the nation’s Bitcoin holdings to a substantial total of nearly 6,000 BTC. #BTC☀ #CryptoMarketMoves #ElSalvadors

🌎 El Salvador's Economic Landscape: Navigating Challenges and Opportunities📉 Slowed Growth and Purchasing Power Decline
El Salvador, the smallest country in Central America, has experienced modest economic growth in recent decades, with an annual rate of 2.5 percent between 2013 and 2019¹.
However, the COVID-19 pandemic dealt a major blow to growth, causing GDP to decline by -7.9 percent in 2020. Despite subsequent recovery, growth rates have moderated to 2.6 percent in 2022 and 2.7 percent in 2023.

The economy is expected to hold steady at an average of 2.7 percent in 2024, converging toward historical averages¹.
Extreme poverty rates increased in 2022, remaining 4.1 percentage points above the 2019 rate.

🔍 Challenges and Fiscal Reforms
El Salvador faces challenges related to fiscal sustainability. The government's robust response to the COVID-19 crisis cost around 16.5 percent of GDP, pushing public debt beyond 90 percent of GDP¹.
A well-defined medium-term fiscal framework could reduce uncertainty and allow the country to foster sustainable growth.

🌟Tremendous Potential
Despite these challenges, El Salvador has tremendous potential for dynamic, inclusive, and resilient economic growth. Prioritizing investments in human capital and enhancing the social protection system will be crucial.

🚀 Let's hope El Salvador continues its journey toward prosperity! 🌟#ElSalvadors #updates #Write2Earn! #bybyTc

El Salvador has mined nearly 474 bitcoins since 2021 thanks to a volcano-fueled geothermal power plant, official data showed on Tuesday, bringing the government's total bitcoin portfolio to nearly $354 million at current prices.
The country's "Bitcoin Office," an official government entity, reports that government coffers now hold 5,750 bitcoins.
The new additions, 473.5 bitcoins worth some $29 million since September of 2021, were powered by a small amount of geothermal energy generated by the country's imposing Tecapa volcano, touted as a green way to accumulate the well-known cryptocurrency, which is not regulated by any central bank.

#ElSalvadors #bitcoin☀️ #BTC☀

President Bukele is featured on Time Magazine where he discusses the future of his country and crypto !!

El Salvador currently holds over $400,000,000 in Bitcoin.

#ElSalvadors #ElSalvador's #CryptoNewss #TON #CryptoMarketMoves

JUST IN:

🇸🇻 El Salvador comes in ranked 2 in the list of top countries for positive crypto regulation, being narrowly beat out by 🇨🇭 Switzerland for the top spot 🙌

The 🇺🇸 US did not crack the top 10 👀

#Bitcoin #ElSalvadors #BitEagleNews