Bitcoin

<h3 id="president-nayib-bukele-s-vindication-on-bitcoin-strategy">President Nayib Bukele’s Vindication on Bitcoin Strategy</h3><p>El Salvador’s President Nayib Bukele <a href="https://x.com/nayibbukele/status/1731653743668572498?s&#61;20" rel="noopener noreferrer nofollow">recently shared</a> a significant update on the country’s Bitcoin investment strategy. Contrary to the numerous critical reports, Bukele stated that if El Salvador were to liquidate its Bitcoin holdings at the <a href="https://blockchainreporter.net/bitcoin-price/" rel="noopener noreferrer nofollow">current market price</a>, not only would the country recover its entire investment, but it would also gain a profit of approximately $3.62 million USD.</p><h3 id="el-salvador-s-long-term-vision-with-bitcoin">El Salvador’s Long-term Vision with Bitcoin</h3><p>Despite the potential for immediate profit, Bukele emphasized that El Salvador has no plans to sell its Bitcoin holdings. The nation remains committed to its long-term strategy, fully cognizant of the cryptocurrency’s price volatility. Bukele’s stance reflects a deep-seated belief in Bitcoin’s future value.</p><h3 id="a-call-for-journalistic-integrity">A Call for Journalistic Integrity</h3><p>Bukele challenged the critics and journalists who previously focused on El Salvador’s supposed losses to now acknowledge the country’s profitable position. He urged these critics to report this new development with the same fervor they exhibited in their earlier coverage, highlighting the need for journalistic integrity and balanced reporting in the face of changing market realities.</p>

El Salvador's Bitcoin Investment: Now in Profit

Table of Contents

BlockchainReporter

Other articles published on Dec 4, 2023

28 cryptocurrency firms in India register with national anti-money laundering agency

Scouting Beyond Dogecoin and Ethereum: Uncovering the Next Major Crypto Investment Opportunity

XRP Lawyer John Deaton Lauds Michael Saylor On Holding Bitcoin

AI Revolutionizes Colorectal Cancer Detection: A Leap Forward in Medical Technology

The Future of Crypto Trading with Bitcoin 360 Ai iFex: Trends and Predictions

Bitcoin primed to outpace Ethereum during bull market for first time next cycle

Join our free newsletter for daily crypto updates!