Cryptocurrency Q&A
What is El Salvador's bitcoin treasury worth?
What is El Salvador's bitcoin treasury worth?
TaegeukChampionCourage
Mon Jul 08 2024
|
7 answers
1346
As a keen observer of cryptocurrency trends, I'm curious to know: What is the current value of El Salvador's bitcoin treasury? Given the volatile nature of digital currencies, it's fascinating to track how the nation's decision to adopt bitcoin as legal tender has impacted its financial holdings. I'm interested in understanding the significance of this investment in the context of El Salvador's overall economic strategy and how it may shape the future of cryptocurrency adoption globally.
7 answers
EthereumEliteGuard
Wed Jul 10 2024
On the morning of Friday, El Salvador's bitcoin holdings expanded significantly.
Was this helpful?
114
34
CherryBlossomGrace
Wed Jul 10 2024
The country's bitcoin treasury grew to a total of 5,689.7 bitcoins.
Was this helpful?
365
26
BitcoinBaroness
Wed Jul 10 2024
This amount is equivalent to approximately $415 million, demonstrating the country's commitment to bitcoin.
Was this helpful?
138
95
SumoStrength
Wed Jul 10 2024
Since President Bukele's decision in 2021 to adopt bitcoin as legal tender, the digital asset has gained prominence in El Salvador.
Was this helpful?
228
31
Elena
Tue Jul 09 2024
Despite facing repeated criticism from both domestic and international audiences for his embrace of digital currencies, Bukele has remained steadfast in his support for bitcoin.
Was this helpful?
263
30
Load 5 more related questions
Related questions
- Is El Salvador still using Bitcoin?
- What Spanish country uses Bitcoin?｜On September 7, 2021, the Bitcoin Law came into effect and bitcoin became legal tender in , making it the first country in the world to do so.El Salvador
- Which Spanish country uses Bitcoin?｜became the first country in the world to use bitcoin as legal tender, after having been adopted as such by the Legislative Assembly of El Salvador in 2021.El Salvador
