Posted 3/12/2024, 6:27:04 AM
El Salvador Reaps $84 Million in Bitcoin Profits as Crypto Surge Boosts National Holdings
- El Salvador's Bitcoin investments have yielded $84 million in profits so far as crypto markets surge
- Total Bitcoin holdings are worth over $206 million; the country has purchased 2,861 BTC at an average price of $42,599
- Profits come from Bitcoin-related revenue streams like a passport program, conversion services, mining, and service payments
- New policies encourage Bitcoin investment; a law offers fast-tracked citizenship for crypto donations
- Global crypto inflows hit $2.7 billion last week, with much interest in Bitcoin ahead of April's halving event