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On Sunday, the President of El Salvador, Nayib Bukele, showed that the Bitcoin holding is yielding a substantial 357 million dollars in unrealized profits. Currently, El Salvador holds 6,182 BTC.  El Salvador and the Bitcoin holding: Bukele shows unrealized profits of $357 million El Salvador, the country with Bitcoin as legal tender since 2021, is continuing with its strategy of accumulation and holding of BTC.  On Sunday, the President of El Salvador, Nayib Bukele, publicly demonstrated that this strategy is now yielding unrealized profits of 357 million dollars.  🤷🏻‍♂️ pic.twitter.com/05izbAR202 — Nayib Bukele (@nayibbukele) May 19, 2025 In practice, Bukele showed that El Salvador’s position as a holding of BTC has appreciated by over 69 million dollars year over year, highlighting the resilience of the strategy amid market volatility. At the time of writing, on the website of the Bitcoin Office of the government of El Salvador, it is possible to verify that the country’s wallet holds a total of 6,182 BTC, equivalent to over 652 million dollars. Not only that, treasury operations confirm that El Salvador continues to purchase 1 BTC per day, as per strategy.  El Salvador and the holding of Bitcoin: price, sentiment, and forecasts for BTC The results of El Salvador are linked to the trend of the Bitcoin price. In fact, the price of BTC has returned above the fateful threshold of $100,000 exactly since May 8, after 3 months of failing to do so. In fact, since that moment, BTC has been holding steady at the six-figure price.  Specifically, at the time of writing, BTC is worth $105,400, almost reaching $107,000 during this last week.  The Bitcoin Fear and Greed Index remains in the green zone of “enthusiasm”, at a score of 71.  Indice di Paura e Avidità di Bitcoin è 71 — AviditàPrezzo…

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Filed under: News - @ May 20, 2025 1:28 pm