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It’s officially been one year since the nation of El Salvador became the first to begin buying Bitcoin every day, joining the millions of savers around the world who dollar cost average into the cryptocurrency.
As profiled by Bitcoin Historian Pete Rizzo today, it was on this date last year when El Salvador’s President Nayib Bukele committed to purchasing one bitcoin every day. One year later, the results are in, Bitcoin is up 120%.
While it is unclear whether El Salvador stuck to the plan, if it has, it has amassed a total of 365 bitcoins at a reported cost of $13 million during that time. However, the cost basis for these acquisitions is notably lower at $9.5 million, or a $3 million…
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