The foray of the south American country into Bitcoin as legal tender has stirred global attention, with recent reports revealing a positive trend in the El Salvador Bitcoin investment results. President Nayib Bukele proudly announced a profit of $3.6 million amid a surging Bitcoin market.

Initial Struggles and Bold Investment Moves

Since adopting Bitcoin as legal tender in 2021, El Salvador faced significant scrutiny due to unrealized losses stemming from the volatile Bitcoin market.

Critics both domestically and internationally had cast doubt on the country’s strategy, pointing to losses incurred during the digital-asset winter. President Nayib Bukele, however,…

Read more on bitcoinnews