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Submission: On December 07 via api from US — Scanned from DE
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Reject All Save My Preferences Accept All Skip to content * Crypto News * Guides Menu Toggle * Crypto Guide * Crypto iGaming * Trading * Crypto Reviews * 🏆 Recommended Menu Toggle * Best Crypto To Buy Now * Next Cryptocurrency to Explode * Best Bitcoin Alternatives * Crypto Price Predictions * Best Crypto Exchanges * Best Crypto Wallets * Best Meme Coins * Best Metaverse Coins * DePIN Crypto Projects * Best Web3 Cryptos * Crypto Betting * Best Bitcoin Slots * Bitcoin Casinos * Crypto Live Casinos * Bitcoin Gambling Sites * Bitcoin Blackjack * Crypto Slots * Crash Gambling * Instant Withdrawals Bitcoin Casinos * No KYC Casinos Search for: Search Search Search for: Search Search Main Menu * Crypto News * Guides Menu Toggle * Crypto Guide * Crypto iGaming * Trading * Crypto Reviews * 🏆 Recommended Menu Toggle * Best Crypto To Buy Now * Next Cryptocurrency to Explode * Best Bitcoin Alternatives * Crypto Price Predictions * Best Crypto Exchanges * Best Crypto Wallets * Best Meme Coins * Best Metaverse Coins * DePIN Crypto Projects * Best Web3 Cryptos * Crypto Betting * Best Bitcoin Slots * Bitcoin Casinos * Crypto Live Casinos * Bitcoin Gambling Sites * Bitcoin Blackjack * Crypto Slots * Crash Gambling * Instant Withdrawals Bitcoin Casinos * No KYC Casinos * Crypto News * Guides Menu Toggle * Crypto Guide * Crypto iGaming * Trading * Crypto Reviews * 🏆 Recommended Menu Toggle * Best Crypto To Buy Now * Next Cryptocurrency to Explode * Best Bitcoin Alternatives * Crypto Price Predictions * Best Crypto Exchanges * Best Crypto Wallets * Best Meme Coins * Best Metaverse Coins * DePIN Crypto Projects * Best Web3 Cryptos * Crypto Betting * Best Bitcoin Slots * Bitcoin Casinos * Crypto Live Casinos * Bitcoin Gambling Sites * Bitcoin Blackjack * Crypto Slots * Crash Gambling * Instant Withdrawals Bitcoin Casinos * No KYC Casinos Search for: Search Search Search for: Search Search Main Menu * Crypto News * Guides Menu Toggle * Crypto Guide * Crypto iGaming * Trading * Crypto Reviews * 🏆 Recommended Menu Toggle * Best Crypto To Buy Now * Next Cryptocurrency to Explode * Best Bitcoin Alternatives * Crypto Price Predictions * Best Crypto Exchanges * Best Crypto Wallets * Best Meme Coins * Best Metaverse Coins * DePIN Crypto Projects * Best Web3 Cryptos * Crypto Betting * Best Bitcoin Slots * Bitcoin Casinos * Crypto Live Casinos * Bitcoin Gambling Sites * Bitcoin Blackjack * Crypto Slots * Crash Gambling * Instant Withdrawals Bitcoin Casinos * No KYC Casinos Bitcoin (BITCOIN) $99,738 -1.75% Bitcoin price Ethereum (ETHEREUM) $3,998 -1.01% Ethereum price BNB (BINANCECOIN) $757.88 1.40% BNB price Solana (SOLANA) $241.08 0.19% Solana price XRP (RIPPLE) $2.50 5.36% XRP price Shiba Inu (SHIBA-INU) $0.000032 2.14% Shiba Inu price Pepe (PEPE) $0.000024 11.27% Pepe price Bonk (BONK) $0.000047 8.33% Bonk price Bitcoin (BITCOIN) $99,738 -1.75% Bitcoin price Ethereum (ETHEREUM) $3,998 -1.01% Ethereum price BNB (BINANCECOIN) $757.88 1.40% BNB price Solana (SOLANA) $241.08 0.19% Solana price XRP (RIPPLE) $2.50 5.36% XRP price Shiba Inu (SHIBA-INU) $0.000032 2.14% Shiba Inu price Pepe (PEPE) $0.000024 11.27% Pepe price Bonk (BONK) $0.000047 8.33% Bonk price Bitcoin (BITCOIN) $99,738 -1.75% Bitcoin price Ethereum (ETHEREUM) $3,998 -1.01% Ethereum price BNB (BINANCECOIN) $757.88 1.40% BNB price Solana (SOLANA) $241.08 0.19% Solana price XRP (RIPPLE) $2.50 5.36% XRP price Shiba Inu (SHIBA-INU) $0.000032 2.14% Shiba Inu price Pepe (PEPE) $0.000024 11.27% Pepe price Bonk (BONK) $0.000047 8.33% Bonk price Bitcoin (BITCOIN) $99,738 -1.75% Bitcoin price Ethereum (ETHEREUM) $3,998 -1.01% Ethereum price BNB (BINANCECOIN) $757.88 1.40% BNB price Solana (SOLANA) $241.08 0.19% Solana price XRP (RIPPLE) $2.50 5.36% XRP price Shiba Inu (SHIBA-INU) $0.000032 2.14% Shiba Inu price Pepe (PEPE) $0.000024 11.27% Pepe price Bonk (BONK) $0.000047 8.33% Bonk price Crypto News EL SALVADOR’S BITCOIN HOLDINGS SOAR FOLLOWING $100K PRICE MILESTONE Austin Mwendia Crypto Writer Fact Checked by Joshua Downes Last updated: December 05, 2024 Disclosure Cryptocurrency trading is speculative and your capital is at risk when you trade. We may earn affiliate commissions from some of the products on this page - at no extra cost to you. Twitter Facebook LinkedIn Flipboard 0 Highlights: * El Salvador’s Bitcoin holdings have surged to over 600 million dollars after Bitcoin surpassed 100k. * The country invested 269 million dollars in Bitcoin and has seen a 117.74% increase in value. * Despite criticism, El Salvador continues its Bitcoin strategy including a Bitcoin City and mining project. El Salvador’s Bitcoin holdings have reached an all-time high in unrealized profits. President Nayib Bukele announced the news on December 5. The portfolio now exceeds $600 million, according to a post on X. Advertisement The announcement followed Bitcoin’s historic price surge past $100,000. Bukele revealed that initially, the country invested $269.7 million into Bitcoin. This is an attractive 117.74% increase in value. The government owns 5,955 Bitcoin which it bought at an average price of $45,297 per coin. These holdings have risen significantly in value due to current market prices. With Bitcoin’s price hitting over $103,000, the unrealized profit exceeds $335 million. Unrealized profit reflects the difference between purchase cost and market value. UNREALIZED PROFITS HIGHLIGHT BITCOIN’S ROLE IN NATIONAL ECONOMY El Salvador became the first country to adopt Bitcoin as legal tender in 2021. The decision came under attack from the IMF and other financial organizations. Experts have warned against the volatility in cryptocurrency investments. Despite this, the administration has continued with its Bitcoin strategy. The government has also begun a program to integrate Bitcoin into the economy. This includes a “Bitcoin City” and plans to mine Bitcoin with geothermal energy. The administration aims to reduce remittance costs and increase financial inclusion. Bukele has also rolled out a program for public officials to learn how to use Bitcoin. GLOBAL REACTIONS TO THE CRYPTO STRATEGY Elon Musk has praised the country’s great gains. In a recent post on X, Musk praised the ‘impressive’ Bitcoin portfolio of El Salvador. The comment has drawn further interest in the country’s approach. Director of the El Salvador Bitcoin Office, Stacy Herbert, has praised the team behind this success. Blockchain data confirms that the government is continuing with its daily Bitcoin purchase strategy. International organizations are still cautious despite the success of Bitcoin. The IMF called on El Salvador to provide more transparency in its Bitcoin adoption. Economics critics worry cryptocurrency could raise economic risk. However, Bukele’s administration continues to be optimistic about Bitcoin’s role in the economy. According to Peter Schiff, Bitcoin depends on the government for its survival. Schiff has warned that the government could destabilize the market by selling seized Bitcoin. Bitcoin, he said, has no intrinsic value and is still speculative compared to gold. In his view, gold is a more secure, more reliable asset for long term wealth preservation. Schiff’s critique raises questions about cryptocurrency’s sustainability and broader economic implications that still exist. NEXTBRIDGE COMPLETES $30 MILLION TOKENIZED T-BILL SALE NextBridge, an El Salvador-based platform has closed a $30 million sale of tokenized U.S. Treasury bills (T-bills). The tokens are issued on the Bitcoin blockchain using the Liquid Network and represent fractional ownership of U.S. T-bills. Investors subscribed via Bitfinex Securities. Each token represents one share of $200,000,000 worth of planned T-bills issuances. Retail and institutional investors alike flocked to the sale, showing a growing interest in blockchain based financial products. From March 2025 redemption options will be available with plans for dynamic order book subscriptions. eToro Platform Best Crypto Exchange * Over 90 top cryptos to trade * Regulated by top-tier entities * User-friendly trading app * 30+ million users 9.9 Visit eToro eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Advertisement RELATED ARTICLES: * Bitcoin and Ethereum ETFs Maintain Profitable Streak as Ethereum Hits New Weekly High * MARA Holdings Buys 1300 BTC as Bullish Momentum Intensifies * FSOC Warns Stablecoins Pose a Risk to Financial Stability, Calls for Regulatory Framework Tweet Share Email Tags Bitcoin El Salvador NextBridge Peter Schiff Author: Austin Mwendia Austin Mwendia is a passionate crypto journalist with three years of experience. He has contributed to various media outlets, covering blockchain technology, market analysis, and financial trends. He is committed to educating readers and expanding the adoption of blockchain and decentralized finance. View full profile › MORE BY THIS AUTHOR: * Next Memecoins to Explode, December 7 – Mog Coin, Dogwifhat, Pepe * Czech Republic Exempts Bitcoin Gains After Three-Year Holding Period * Semler’s Latest Bitcoin Buy Adds 303 BTC to Treasury Now Worth $184M Advertisement Advertisement ABOUT CRYPTO2COMMUNITY’S EDITORIAL PROCESS Crypto2Community’s editorial policy is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict editorial policy and sourcing standards, and each page undergoes diligent review by our team of top crypto industry experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers. 🔥LATEST OFFERS 9.9 Best Crypto Exchange 2024 Visit eToro Virtual currencies are highly volatile. Your capital is at risk. 9.5 Trading features & low fees Visit KuCoin POPULAR TOPICS * Nosana Price Prediction 2025, 2030, 2040 * Degen Price Prediction 2025, 2030, 2040 * Aevo Price Prediction 2025, 2030, 2040 * Turbo Price Prediction 2025, 2030, 2040 * How to Buy Cryptocurrency in Arizona in 2024 – The Ultimate Beginners Guide TRENDING NEWS * Bitcoin and Ethereum ETFs Maintain Profitable Streak as Ethereum Hits New Weekly High * MARA Holdings Buys 1300 BTC as Bullish Momentum Intensifies * FSOC Warns Stablecoins Pose a Risk to Financial Stability, Calls for Regulatory Framework * Next Memecoins to Explode, December 7 – Mog Coin, Dogwifhat, Pepe * US Spot Bitcoin ETFs Surpass the Satoshi Nakamoto’s Estimated 1.1 Million BTC Holdings * Pudgy Penguins Set to Launch PENGU Token on Solana Before Year-End * Ethereum Price Breaks $4000, Fueling Altcoin Market Rally * Czech Republic Exempts Bitcoin Gains After Three-Year Holding Period * Nosana Price Prediction 2025, 2030, 2040 * Worldcoin Eyes $7.29 Peak as Price Rallies 11% Amid Growing Network Activity * Ethereum Price Analysis: ETH Intra-Day Rebound Points to $4800 in The Short-Term * Semler’s Latest Bitcoin Buy Adds 303 BTC to Treasury Now Worth $184M * SUI Price Forecast: SUI Could Rally to $5 If Bitcoin Rebounds * Bitcoin Price Prediction: BTC Eyes $100k a Second Time After Intra-Day Correction * BlackRock and MARA Buy Over 9,000 Bitcoin as Price Dips Below $100K * Supra Price Soars 65% Following Launch of Custom Index Price Feeds – Is a $0.05 Target Within Reach? * Australia to Crack Down on Non-Compliant Crypto ATMs with New Task Force * Ethereum ETFs See Record $428 Million in Inflows as Bullish Momentum Intensifies * Best Cryptocurrencies to Buy Today, December 6 – SUI, Cardano, BNB * Solana ETFs Face Setback as SEC Plans to Reject Key Filings CRYPTO 2 COMMUNITY * About Us * Editorial Policy * Why Trust Us * Contact Us * Privacy Policy * Submit a Press Release CRYPTOCURRENCY * Best Cryptos to Buy Now * Best Crypto Exchanges * How To Buy Cryptocurrency * Best Crypto Wallets * Best Altcoins to Buy GAMBLING * Best Bitcoin Casinos * Best Ethereum Casinos * Best Crypto Live Casinos * Best Crypto Faucet Casinos * Provably Fair Bitcoin Casinos BEST PLATFORMS * eToro Review * BC.Game Review * Jackbit Review * Metaspins Review * CryptoLeo Review © 2024 Crypto2Community.com CAUTION: The content presented on this platform is not intended as financial guidance, and we lack the authorization to offer investment advice. 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