El Salvador’s Bitcoin Gamble Pays Off Big Time: Nets $100M Yield in 24 Hours

Quick Summary:

With Bitcoin trading at an all-time high, El Salvador is sitting on an unrealized profit of nearly $300 million from its Bitcoin investment strategy.

Over the past two years, President Nayib Bukele has directed daily purchases of 722 BTC, acquiring them at an average price below $42,000.

El Salvador’s decision to invest in Bitcoin through […]

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Article Details

Author / Journalist: Abdulkarim Abdulwahab

Category: Crypto

Markets: IndiaEl Salvador

Topics: Bitcoin News Market Cryptocurrency News Market News Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-08 @ 17:10:00 (1 weeks ago)

News Timezone: GMT +0:00

News Source URL: coinedition.com

Language: English

Article Length: 155 words

Reading Time: 1 minutes read

Sentences: 53 lines

Sentence Length: 3 words per sentence (average)

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

Copyright Owner: © Coinedition

News ID: 23472277

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About Coinedition

Main Topics: Crypto

Official Website: coinedition.com

Update Frequency: 15 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 13 hours ago

Coverage Areas: India

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

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Publisher ID: #124

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