Amid the recent epic rise in the price of Bitcoin, El Salvador President Nayib Bukele published a post to “brag” as the country managed to reach a staggering $100 million in unrealized profit.
El Salvador’s decision to invest in Bitcoin daily has proven to be extremely profitable. In November 2022, President Nayib Bukele made a bold decision to announce a daily purchase of one Bitcoin, taking advantage of the cryptocurrency’s falling prices at the time. This strategy has yielded significant results for the country.
In light of Bitcoin’s recent impressive appreciation in recent days, the president of El Salvador went to X to celebrate and emphasize that all his belief and optimism in the largest cryptocurrency on the market was never a mistake. “I told you so,” said Bukele on Twitter.
It is worth noting that El Salvador highlighted by adopting Bitcoin as legal tender in 2021, becoming a global pioneer in this initiative. Since then, the country has been increasing its Bitcoin reserves, betting on the cryptocurrency as a way to strengthen its economy. With the recent recovery in the price of Bitcoin, which peaked at $89.864,13, the country's return on investment has been catapulted to new heights.
Bitcoin today 12/11/2024: BTC rises 7% and targets $90 for the first time
O Bitcoin price today 12/11/2024 Bitcoin is on an all-time high that has taken the largest cryptocurrency to new heights, having recently broken through the $89 barrier for the first time and inched closer to the $90 zone. In a bullish spike, Bitcoin set a new all-time high today at $89.864,13.
Currently, the largest cryptocurrency is trading at around $87.793 with a daily increase of 7% in the last 24 hours. Since last week, Bitcoin has been breaking sequential price records, the latest being registered just a few hours ago. In reais, BTC also registered an important milestone by surpassing the R$500 mark for the first time in history.
At the time of publication, the price of Bitcoin was quoted at US$ 87.793,58 with an increase of 7.0% in the last 24 hours, equivalent to approximately R$ 503.846,65 BRL and € 82.426,75 EUR. In its weekly development, the asset showed a growth of 27.3% in its price in the last seven days.