Three years since El Salvador adopted Bitcoin as legal tender, it has gained over 31 million dollars in profit

2024-09-07 20:29:34

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ChainCatcher news, according to Cointelegraph, today marks the third anniversary of El Salvador adopting BTC as its legal tender. Three years ago, on September 7, 2021, Bitcoin became legal tender in El Salvador. The country's goal is to promote financial inclusion, facilitate more efficient remittance payments, and attract financial innovation. "President Bukele's decision to adopt Bitcoin made the country a historic pioneer of crypto assets."

Since 2021, El Salvador has been purchasing Bitcoin through dollar-cost averaging, buying 1 coin daily at an average cost of $43,877 per Bitcoin for its current holdings. According to data from the El Salvador Ministry of Finance website, the country currently holds a total of 5,865 Bitcoins, valued at over $318 million, with a profit of $31 million.

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