How much would Türkiye earn if it bought Bitcoin like El Salvador?

El Salvador broke new ground in the world and accepted Bitcoin as its official currency in 2021, paying an average of $44,300 per BTC after this decision. $105,000,000 worth 2380 Bitcoins It made history as the first country to invest in Bitcoin.

Although he questioned his investment decision a little as the cryptocurrency market declined in 2022, now that the markets are on the rise returned to profit The government of El Salvador must be happy. So how much would we earn if we invested in Bitcoin during the same period?

Before moving on to profit calculation, let’s compare the two countries according to their GNP values.

of two countries in 2021 When we examine the gross national product (GNP) values, we reach the following values;

In other words, Turkey’s national income is exactly that of El Salvador. 27.83 times more.

First, let’s calculate how much BTC Türkiye should buy compared to its own economy.

Average cost of one Bitcoin in 2021 $44,300 We said it was.

El Salvador’s total investment expenditure for 2830 Bitcoins is It was $105,000,000.

Therefore, since the Turkish economy is 27.83 times larger than the El Salvador economy, its investment expenditure will be It should be $2,922,150,000.

This is approximately 65,962.75 Bitcoins It corresponds.

Yes. There are 65,962.75 Bitcoins in our country’s safe! Now we can calculate our profit.

The total value of 65,962.75 Bitcoins, which we purchased at a cost of 2,922,150,000 dollars, will be full on April 3, 2024. $4,361,114,284.87.

Our profit is 1,438,964,284.87 dollars is happening.

In summary, since we have a larger economy than El Salvador, our investment and Our profits could have been much larger looks like.

Once again, this content is Reminding that it is not investment advice Let’s end our content.

What are you thinking? Do you think we should invest in Bitcoin?

Our other content that may interest you: