El Salvador's Bitcoin Bet Pays Off: $3M Gain Sparks President's Demand for Critics' Apologies
December 4, 2023El Salvador's Bitcoin investment has yielded over $3 million in profits, with a portfolio value of $131 million.
President Nayib Bukele defends the decision to make Bitcoin a legal tender in the country.
Despite previous unrealized losses, the recent surge in Bitcoin's price has led to profitability.
Bukele stresses the importance of understanding price fluctuations and is committed to a long-term Bitcoin strategy.
El Salvador's experience with Bitcoin provides a valuable case study for other countries exploring the fusion of traditional finance and cryptocurrency.
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