El Salvador’s Bitcoin Investment Records Profit Amid Rally

President Nayib Bukele emphasized that the country has not only recovered its initial investment amount but has also generated a profit.

Nayib Bukee dancing on a dance floor appeares to be very happy.
Created by Gabor Kovacs from DailyCoin
  • Bitcoin is experiencing a surge as it tops 41k.
  • The ongoing rally has spurred a bullish trend for investors.
  • Bitcoin-pro country El Salvador has recorded profits on its BTC investments.

As Bitcoin soars past a $41,000 price point, investors are recording major financial gains amid the bullish landscape.

After weathering a storm of criticism and negative projections, El Slavador’s Bitcoin investments are soaring with profits. 

‘El Salvador’s Bitcoin’s Investments Are in the Black!’

On December 4, Nayib Bukele, who was granted leave by El Salvador’s congress from his role as president to prepare for re-election on November 30th, stated that the country’s Bitcoin investment recovered its initial amount and yielded a significant profit of approximately $3.6 million.

He emphasized that the investment success has brought a stark contradiction to the barrage of articles and critiques, which predicted losses based on Bitcoin’s market price at El Salvador’s time of investment.

While the prospect of profit naturally raises questions about whether El Salvador will cash in, Bukele emphasized that selling off Bitcoin was never the primary objective.

“Of course, we have no intention of selling; that has never been our objective. We are fully aware that the price will continue to fluctuate in the future, this doesn’t affect our long-term strategy.”

The president added that critics are urged to reconsider their stance and acknowledge El Salvador’s newfound profitability.

Read more on El Salvador’s pro-Bitcoin stance and ATMs upgrade:
El Salvador Bitcoin ATMs Poised for Lightning Network Boost

Crypto exchanges are expanding, and Crypto.com is the latest to venture into the EU. Read more:
Crypto.com Wins Electronic Money Institution License in the UK

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Grace Abidemi

Grace Abidemi, a cryptocurrency reporter at DailyCoin, covers industry developments and trends. She previously worked as a freelance writer. With a Bachelor's degree in German Language and certifications in marketing and storytelling, Grace creates engaging content. When not working, she's in Nigeria, mastering cooking and canvas painting, and enjoys learning about different cultures and languages.