El Salvador recognizes Bitcoin as legal tender, achieving unrealized profits of 357 million USD from the "buy one Bitcoin every day" accumulation strategy.
El Salvador – a pioneering country in recognizing Bitcoin as legal tender in 2021 – is beginning to reap significant rewards from this bold strategy. President Nayib Bukele recently announced impressive figures about the investment effectiveness of the country's Bitcoin storage policy.
Staying Consistent with the Accumulation Strategy Despite International Pressure
According to information shared by President Bukele on social media, El Salvador's current Bitcoin portfolio is recording unrealized profits of up to 357 million USD, compared to the initial investment capital of 287 million USD. This result demonstrates the long-term vision of the Bukele administration in deciding to incorporate Bitcoin into the national financial strategy.
A notable point in this success story is that El Salvador remains consistent with the "buy one coin every day" Bitcoin accumulation strategy, even after signing a loan agreement with the International Monetary Fund (IMF). This 1.4 billion USD agreement includes a condition prohibiting El Salvador's public sector from purchasing more Bitcoin – a constraint that the Bukele administration has clearly sought to maintain its independent monetary policy.
