Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
El Salvador's Bitcoin Investment Yields $11.76 Million in Unrealized Gains

El Salvador's Bitcoin Investment Yields $11.76 Million in Unrealized Gains

CointimeCointime2024/01/10 01:48
By:Cointime

El Salvador has seen impressive unrealized gains of $11.76 million from its investment in Bitcoin, marking a significant shift from initial losses. The country acquired 700 BTC in September 2021 and now holds a total of 2,798 Bitcoin valued at approximately $130.5 million. El Salvador's success in the Bitcoin market aligns with the global surge in Bitcoin prices, which have risen 75% since October, largely due to the anticipation surrounding the potential approval of a spot Bitcoin ETF in the United States. The country's investment in Bitcoin serves as an important case study in the cryptocurrency market dynamics and sets a precedent for other nations considering similar investments in digital assets.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!