El Salvador meets with China, showcasing 6,217 strategic reserves and committing to 'double' the buying strategy
Recently, the Vice President of El Salvador engaged in financial innovation discussions with the Chinese ambassador and proudly showcased the country's strategic reserve of 6,217 Bitcoins, worth approximately $500 million! Even more astonishingly, El Salvador has committed to 'doubling' its Bitcoin purchasing strategy, planning to further increase its reserve by 20,000 Bitcoins. Is this a seemingly bold gamble, or a new chapter in shaping financial freedom? 🎲
The success and turning point of Bitcoin policy
When El Salvador announced the legalization of Bitcoin in 2021, many mocked the decision, considering it a grave mistake. However, the surge in Bitcoin's price has turned this policy into a booster for economic development. Although Bitcoin's price has now corrected to $94,000, El Salvador is still in profit! 📈
