The 1 bitcoin every day policy of El Salvador, the Bitcoin country, made millions of dollars of profit on existing investments, with the spot ETF wind behind it, after a 2-year wait.
The Spot Bitcoin ETF craze has stimulated El Salvador’s investments as well as the cryptocurrency markets for months. El Salvador started making investments worth millions of dollars after legalizing Bitcoin in the country. of the country adding Bitcoin to your treasury The investment he made has been going on for years, just like the legalization move. was subjected to harsh criticism.
However, the fate of El Salvador changed with the ETF craze and the announcement that the country would buy 1 bitcoin every day. at a loss for 2 years Bitcoin investments approx. $8 million It went black.
Buying 1 Bitcoin regularly every day brought millions
El Salvador, which first started investing in Bitcoin in September 2021 $47,250 to $52,670 from range 700 BTC took. Since then, El Salvador has been buying in every sharp decline, most recently He announced that he would receive 1 BTC every day in November 2022. With these purchases, the average price since November 2022 from 28 thousand dollars 419 bitcoins The overall average along with taking to $42,440 has fallen. El Salvador currently holds about 127 million dollar worth 2,798 BTC holding.
since October Bitcoin rising by 75%It enabled El Salvador, which had been at a loss for 2 years due to its investments, to now make a profit of 8 million dollars.
