Bitcoin

<ul class="news-points">
 <li>El Salvador President Nayib Bukele introduces the country’s first Bitcoin Piggy Bank.</li>
 <li>The President announces the transfer of the country’s Bitcoin holdings to a transparent cold wallet.</li>
 <li>Prominent figures like Wayne Vaughan and Kale Abe acknowledge the project as El Salvador’s Bitcoin Fort Knox.</li>
</ul>
In a recent development, El Salvador President Nayib Bukele introduced the Central American country’s “first Bitcoin piggy bank.” President Bukele shared an X post on March 15, announcing that the country has decided to transfer a significant amount of its Bitcoin holdings to a cold wallet.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 We've decided to transfer a big chunk of our <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Bitcoin</a> to a cold wallet, and store that cold wallet in a physical vault within our national territory. You can call it our first <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Bitcoin</a> piggy bank <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f1f8-1f1fb.png" alt="🇸🇻" class="wp-smiley" style="height: 1em; max-height: 1em;"> It's not much, but it's honest work <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f602.png" alt="😂" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/dqzedykxT1" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/dqzedykxT1</a>— Nayib Bukele (@nayibbukele) <a href="https://twitter.com/nayibbukele/status/1768425845163503738?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">March 14, 2024</a>
 </blockquote>
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</figure>
According to President Bukele’s X post, this wallet would be stored in a “physical vault” within El Salvador’s territory. He acknowledged the project as an “honest work.” The post read,
<blockquote class="wp-block-quote">
 We’ve decided to transfer a big chunk of our Bitcoin to a cold wal…
</blockquote>
The post <a href="https://coinedition.com/bitcoin-fort-knox-el-salvador-moves-411m-in-btc-to-cold-wallet/" rel="noopener noreferrer nofollow">“Bitcoin Fort Knox”: El Salvador Moves $411M in BTC to Cold Wallet</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

“Bitcoin Fort Knox”: El Salvador Moves $411M in BTC to Cold Wallet

Coin Edition

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