El Salvador’s Bitcoin Bet Is Now 3 Years Old, Here’s How It’s Going So Far

Quick Summary:

Three years ago, on September 7, 2021, the country of El Salvador shocked the world when its president, Nayib Bukele, announced that the country would be adopting Bitcoin as legal tender.

Not only that, the county also began buying BTC to add to its reserves, growing that stash over the years.

At the time, the country bought 400 BTC at an average price of $46,811, costing $18.724 million at the time.

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Article Details

Author / Journalist: Scott Matherson

Category: Crypto

Markets: HungaryEl Salvador

Topics: El Salvador news El Salvador Bitcoin Bitcoin Bitcoin price Btc El Salvador BTC Btcusd Bitcoin El Salvador Btc price Nayib Bukele Bitcoin BTC news BTCUSDT Bitcoin news El Salvador Bitcoin legal tender Nayib Bukele news

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-09 @ 20:00:36 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 473 words

Reading Time: 3 minutes read

Sentences: 34 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 22434746

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