El Salvador’s Bukele Defends Bitcoin Strategy as Holdings Hit Record 53% Profits
CryptonewsEl Salvador’s President Bukele has defended his Bitcoin strategy as the country’s holdings hit a record 53% profit, reaching $164.5 million. This progress stems from El Salvador’s declaration of Bitcoin as legal tender alongside the US dollar in 2021. According to data from Bitcoin Treasuries, the country’s Bitcoin portfolio has witnessed a profit of over $50 million.
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