
El Salvador's strategic investment in Bitcoin is showing significant financial gains, with the country's Bitcoin holdings now valued at over $206 million, marking a 69% gain on initial capital. This surge is attributed to Bitcoin's 250% rise over the past year. The nation has profited $83 million from its Bitcoin investment strategy, including revenue from its passport program, local businesses, mining, and government services. Billionaire Tim Draper predicts that if Bitcoin reaches $100K, El Salvador could pay off its IMF debt and become one of the wealthiest and most attractive countries globally. Draper's comments were made during a recent episode of the "Web3 Deep Dive" podcast with Rachel Wolfson, and echoed in statements to various crypto news outlets, including a mention by Joe Nakamoto. Initially, El Salvador was up $74 million (+60%) on their Bitcoin holdings.
🗞️ El Salvador bags major #bitcoin gains 🗞️ Hong Kong's fresh stablecoin push @jennsanasie has today's top crypto headlines on "CoinDesk Daily" 👇https://t.co/Sq6nTgIomm
Tim #Draper Expects #Bitcoin to Transform El Salvador Into a Rich Country https://t.co/rfwHyiS7JI
#Bitcoin’s 250% rise over the past year has catapulted El Salvador's $BTC treasury to over $206 million as of Tuesday. That's a 69% gain on initial capital so far. https://t.co/iTM5vbgu0x https://t.co/sWkJ59lLUd https://t.co/j7NOuwF1cn




