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Sujit Kumar
Nov 9, 2024
by Sujit Kumar

El Salvador’s Bitcoin Investment Strategy Pays Off with 81% Profit

Bitcoin Investment Strategy

Table of contents

  1. Daily Bitcoin Purchases Strengthen Reserves
    1. Current Holdings and Ambitious Bitcoin City Project
  2. Timing the Market to Maximize Gains
El Salvador's pioneering commitment to Bitcoin has proven profitable, with recent data showing that the country’s BTC holdings have generated impressive returns. In November 2022, President Nayib Bukele introduced a bold strategy: buy one Bitcoin daily during the price slump. With Bitcoin’s recent surge, this move has resulted in an impressive $24.54 million in profits—an 81% increase.

Daily Bitcoin Purchases Strengthen Reserves

El Salvador became the first country to accept Bitcoin as legal tender in 2021 and has since continued to expand its Bitcoin reserves. On November 18, 2022, when Bitcoin dropped to a low of $16,700, President Bukele implemented a plan to buy one Bitcoin each day, steadily building the country’s crypto holdings. Today, El Salvador has added 722 BTC at an average cost below $42,000, positioning itself well for gains as Bitcoin reached a new high of $77,252.

Current Holdings and Ambitious Bitcoin City Project

According to Memepool data, El Salvador currently holds about 5,928 BTC, worth roughly $454.39 million. As a further commitment to crypto, the country has undertaken a new project: Bitcoin City. This energy-efficient city will be powered by geothermal energy and funded through Bitcoin-backed bonds. The project underlines the nation’s intent to become a global crypto hub, using innovative energy and financial solutions.

Timing the Market to Maximize Gains

Blockchain analytics platform SpotOnChain credits El Salvador’s significant returns to its strategic timing in purchasing Bitcoin during market lows. By buying consistently when prices dipped, El Salvador has realized substantial gains, showcasing the potential rewards of a long-term approach to cryptocurrency investment.

This daily investment approach underscores El Salvador’s belief in Bitcoin’s future and has positioned the nation as a leading player in the digital asset world.

Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
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Bitcoin Investment Strategy
El Salvador’s Bitcoin Investment Strategy Pays Off with 81% Profit
Sujit Kumar
Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.

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