El Salvador’s Bitcoin Gains Hit $333M as BTC Crosses $100K
Unrealized gains on Bitcoin investments in El Salvador reached an impressive $333 million, and the price of Bitcoin topped $100,000 for the first time. President Nayib Bukele celebrated the milestone, highlighting the country’s bold move to adopt Bitcoin as legal tender in 2021. Since then, the country has accumulated 6,180 BTC with an average price of $44,739 per coin and a profit margin of 122%. In addition to economic gains, Bitcoin adoption has boosted tourism, despite repeated warnings from the International Monetary Fund to scale back the policy, citing financial stability concerns.
