El Salvador’s Bitcoin Bet Pays Off with Over $525M Profit

El Salvador’s bold Bitcoin experiment has reaped massive rewards, with the government now reporting a profit exceeding $525 million on its holdings.

This milestone comes as Bitcoin recently soared to $90,000, setting a new all-time high and climbing nearly 27% in just a week, as shown on CoinMarketCap. Since adopting Bitcoin as legal tender in 2021, El Salvador has championed the cryptocurrency, and this recent price surge is solidifying the country’s commitment.

The financial world has increasingly embraced Bitcoin this year, with major players like BlackRock and Fidelity backing the asset. The political shift with Donald Trump’s election is also expected to foster a more crypto-friendly regulatory landscape, adding momentum to Bitcoin’s rise.

El Salvador isn’t the only country benefiting from Bitcoin’s rally; Bhutan’s holdings have crossed the $1 billion mark, a substantial figure that now constitutes a third of the nation’s GDP. For both countries, Bitcoin’s performance is shaping up to be a significant economic boost.

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El Salvador’s President Nayib Bukele recently took to X (formerly Twitter) to share his satisfaction with the decision, saying, “I told you so.” Meanwhile, some analysts predict that Bitcoin could reach $100,000, potentially even before Trump’s inauguration.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.