Topic: El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻 - page 3. (Read 40376 times)

There are people who are not happy with the price of Bitcoin to reach $ 100K ($ 104K), namely people who are seen against Bitcoin through their words in the media. Not too influential for us with people like that because with a group of people like that can enliven the situation.
We are all happy when Bitcoin is able to penetrate the price of $ 100K and is willing to wait for a new ATH if $ 104K is ATH which is predicted previously by many market analysts.

What will the IMF say? I was curious. 

This is a clear proof of Bukele's belief that until now he has been able to make rapid progress in the economic field, especially El Salvador's finances which are improving. But Bukele must also remember that this value will fluctuate, this money has not yet fully become money that can be recognized by the world to build the people's economy. I think he should have the right decision to manage these Bitcoin assets. The reason is that he must get the maximum value from the price to optimize profits. I think many countries will start learning with him. But I'm actually waiting for what he's going to do, I don't feel sure he's going to dive in to hold BTC.

Just been curious on whats their lowest price purchase on this cycle and see this one out.


Source: https://nayibtracker.com/

Now they are already hit up $500M+ on which this is the result of considering Bitcoin as their legal tender.

 Jul 01, 2022 12:51   

Price of Bitcoin that time
$19 000.00   

Bitcoin amount
₿80   

Cost of time of purchase
$1 520 000.00   

Value now
$8 009 365.60   

▲ $6 489 365.60
426.93%

If they had been able to make some all in with this spot then that PNL would be nasty.

The call for celebration is not only on the El-Salvador president, Nayib Bukele, but upon every of its citizens and those who have made it a task and duty towards investing in bitcoin following the pattern of the president and also every other bitcoin investors worldwide, we are now happy and being fulfilled to an extent that this milestone has been achieved to $100,000 and from here we can continue and go on further, it's going to be an opportunity upon opportunities in some times to come, we are going to see the influence and benefit of investing in bitcoin and holding more preferable to other investments or assets, if we are not going to give up, there certainly lies more opportunities coming forth in the future about bitcoin adoption the more we go.

The price of Bitcoin hitting 100k is a good news to everyone that had invested in Bitcoin before the price hit a new all time high. Bitcoin has been a very profitable investment and countries like El Salvador have really made lots of profits from their Bitcoin investment. There are more money to make in Bitcoin and I have seen many people accumulate enough Bitcoin now that the price has hits 100K because they know that the price could hit 150K with time. I think it's now people are seeing the huge opportunity in cryptocurrency investment especially investing in Bitcoin and other good altcoins in market.

What more should we expect from a country that stood in unism to make unanimous decision that is bearing good fruits for them if not happiness and joy for taking a bold step that has helped both the government and her citizens achieve a notable growth in their country and economy. This is why is good for the citizens to elect presidents that has good foresight for their nation and not those who are after their personal gains and not consider the well being of her people. Which government wouldn't be happy that their investment in bitcoin are now more than 100% of the amount they invested with. Wish other countries will copy from El-Salvador and adopt bitcoin as their legal tender also, for their own benefits and for increase in adoption which will have a positive impact in the price of bitcoin.

Not only is the president of El Salvador happy with the price of Bitcoin which has surpassed $100K for one unit, but in general for people who still hold the Bitcoin they bought earlier will also be happy because it is an achievement that many people have been hoping for at the end of this year. And I think the beginning of next year will also be much better than the end of this year if Bitcoin is still at the price range like it is now, because several other countries will also follow what El Salvador has done so far and the president of El Salvador himself will also still buy Bitcoin every day in certain amounts because so far El Salvador has been helped a lot by the adoption of Bitcoin and people who want to believe in Bitcoin.

El Salvador’s president is triumphant after his bet on bitcoin comes true on Thursday.

He is so excited the way Bitcoin reached historical high going above $100,000 for the first time

https://apnews.com/article/bitcoin-elsalvador-bukele-musk-trump-5be81d375da5bbce883008b0799c0c1a

600 billion is uk/us scale of savings. You meant 600 million most probably

Praise be to that man.
Let his experience be an example for others to read and watch through.
 

Investing in Bitcoin has made them so successful. The President of this country announced on Twitter that their Bitcoin holdings have crossed $600 billion as you mentioned. The country's holdings have increased due to the rise in the price of Bitcoin, which led to Elon Musk, one of the world's richest men, praising them.



The President of El Salvador, Nayib Bukele, shares his success story with Bitcoin investments.

Source:
1. El Salvador President shares the country's Bitcoin success; gets this 'one-word' reply from Elon Musk

With the price of bitcoin currently reaching more than 100K, of course El Salvador is making big profits from its current bitcoin investment. So it is clear that Nayib Bukele and the entire people of El Salvador will definitely be very happy with the current situation. But even so, in my opinion this is not much, because El Salvador's goal in investing in bitcoin is not just to make a profit. So Bitcoin's achievement of a price of 100K is just a shadow of success before real success is achieved for El Salvador. And of course DCA must continue to be carried out by El Salvador to get even greater results in the future.

Not only that, he has been collecting Bitcoin since 2021 and declared it legal tender in 2021. His investment is at the peak of success because he held it for a long time. And the benefits that have been achieved from Bitcoin have played a major role in the economy of El Salvador, all thanks to the government of El Salvador, Nayib Bukele, who has made everything possible since he took the risk.
And he has implemented a self-sufficient system for Bitcoin education so that the people of his country can know all the information about Bitcoin and Bitcoin holding and has taught about it. It has followed the only DCA method, holding an average of one Bitcoin per day, playing the biggest role in this holding and in his country's economy and in paying off debts.

El Salvador has been able to make a huge profit from their Bitcoin investment, which is a success for them. The government of El Salvador has been investing in Bitcoin since 2021, and they have continuously invested and built a huge capital in Bitcoin. Which has now allowed them to make a huge profit in 2024, which is really a great reflection from Bitcoin. We have seen the price of Bitcoin touch a high of over $104K, and we can also expect to face a new ATH again, maybe in the new year. Moreover, the government of El Salvador will hold on to its Bitcoin. He is not anxious to sell it now, but rather he plans to hold it patiently for a longer period of time.

However, since the election of Donald Trump, the price of Bitcoin has been increasing and at this time it has reached a high point, which we gave a milestone of $100k. However, since the US government supports Bitcoin, the future of Bitcoin is going to be even brighter. Moreover, I saw President Donald Trump welcoming Bitcoin to reach the 100k milestone, which is really interesting.

https://x.com/WatcherGuru/status/1864656592760627489?t=qzfDk2pZ87-1SiReq_lieg&s=19

The great initiative that El Salvador had is very good and the investment they are continuing will increase their profits in the future. We know very well that if you hold Bitcoin with patience, it will definitely succeed, which we can understand when we look at El Salvador. A few days ago we saw that the German government decided to sell 50,000 #Bitcoins for $54,000, and they missed out on $2.4 billion in profit. Of course, if the German government had not made such a decision, they would have definitely made a huge profit when the price of this Bitcoin was $100k, which we have seen in El Salvador's huge profit in Bitcoin investment.
https://x.com/WatcherGuru/status/1864688509149163849?t=2IlhobeU8onoa6R4uLpYqA&s=19

El Salvador gains $300 million plus from bitcoin holdings as bitcoin hits $100k milestone

Maybe their incredible success was possible only for investing in Bitcoin. Ever since this country adopted Bitcoin as tender, The price of Bitcoin was very low back then. Bitcoin continues to grow over time, increasing the value of the investment for Bitcoin holders around the world. Yesterday, Bitcoin price surged to over $104K, basically a different change in the Bitcoin market since Donald Trump won the election. Bitcoin has shown many surprises to all bitcoiners in 2024, with a few new ATHs this year and the latest hitting the $100k mark yesterday.

Nayib Bukele showed off a portfolio chart on Twitter yesterday. There it is clearly seen that their investment made a profit of $333 million dollars.

https://x.com/nayibbukele/status/1864506095131144278?t=eDeEOKitK2bS4dzu7LW6GA&s=19

El Salvador’s Bitcoin Bet Pays Off as BTC Hits $102K, With 118% Surge in BTC Holding

https://coinpedia.org/crypto-live-news/el-salvadors-bitcoin-bet-pays-off-as-btc-hits-102k-with-118-surge-in-btc-holding/

---

Today the price of Bitcoin has risen to a unique height and created a unique history. Today, the price of Bitcoin rose to touch above $104k. Such a high increase in the price of Bitcoin has caused El Salvador's Bitcoin holdings to increase by about 118%. The country has already bought a total of about 6000 bitcoins since Nayib Bukele legalized Bitcoin in their country, their bitcoins are now worth more than $611 million. Perhaps they have reached the pinnacle of success today with the adoption of Bitcoin. Over time, the more bitcoins they purchase, the more their investment portfolio will grow, and the more their investment portfolio will grow in value.

Well this statement makes me curious to know about if this is already happening in El Salvador and find this https://cointelegraph.com/news/el-salvador-explores-low-interest-loans-backed-by-bitcoin.

Also they explore this possibilities.


Read more here https://dailycoin.com/el-salvador-builds-bitcoin-bank-to-bolster-foreign-investment/

Imagine how everything turn into their favor now and El Salvador is gaining a lot of momentum especially for their countries growth by taking good decisions with bitcoin. This one really make those doubters scratch their heads and for sure they regret on why they didn't support bitcoin earlier.

One day, I hope we get the ability to use Bitcoin as collateral to take loans on like property, we are not selling it and then using that Bitcoin to get whatever it is you want

If you get a replacement fender for your car in El Salvador with Bitcoin, does that mean Bitcoin has become fender tender?

 

As I mentioned in an earlier post, El Salvador the country of Nayib Bukele, offered their first tokenized US Treasury. El Salvador has already managed to raise $30 Million through this tokenized treasury. El Salvador once again leads global financial innovation by raising $30 million through a tokenized offering.

The platform of El Salvador raises 30 million dollars through a tokenized offering of the US Treasury