El Salvador’s President, Nayib Bukele, has taken to Twitter to announce the success of the country’s Bitcoin investment strategy.
Bukele proudly stated that El Salvador’s investments in Bitcoin have not only covered the funds invested but also generated a profit. He mentioned that if the country decided to sell all its Bitcoin at the current price, it would recover 100% of the investment and make a profit of $3,620,277.13.
President Bukele emphasized that El Salvador has no intention of selling its Bitcoin holdings, and the decision to invest in BTC was part of a long-term strategy. He urged those who criticized the move three years ago to acknowledge the success and issue retractions or apologies. Bukele’s announcement comes amid Bitcoin’s recent surge, reaching $41,900 for the first time since April of the previous year.