Posted 3/26/2024, 2:28:00 PM
El Salvador Doubles Down on Bitcoin, Now Holds Over $400 Million Worth as Legal Tender Investment Pays Off
- El Salvador continues accumulating bitcoin, now holding over 5,700 BTC worth over $400 million
- Nation made bitcoin legal tender in 2021 and buys 1 BTC per day
- Also adding BTC from passport sales, business conversions, mining, and government services
- Eliminated income tax on money from abroad to attract investment
- New law grants citizenship to bitcoin investors who donate to the government