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Earn over 40% from Bitcoin investment in El Salvador! President: Those who think bad things should shut up

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Release: 2024-03-01 09:20:17
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Earn over 40% from Bitcoin investment in El Salvador! President: Those who think bad things should shut up

Under the initiative of President Nayib Bukele, El Salvador, which regards Bitcoin as legal tender, has launched a number of Bitcoin policies. These policies include the development of digital wallets, the issuance of US$1 billion in Bitcoin bonds, and the launch of an investment citizenship program.

President of El Salvador: Bitcoin holdings have a floating profit of 40% and will not sell!

With Bitcoin soaring by more than 10% and once exceeding 64,000 today (29th), Bugele took advantage of the situation and posted an article satirizing the media for reporting many article estimates when the price of Bitcoin was low. El Salvador's losses, but when the price of Bitcoin increased, they were completely silent: now the market price of BTC has increased significantly, and if we sell, we will make a profit of more than 40%. Our main source of BTC is our citizenship program. Of course, we will not sell. 1BTC=1BTC. This is true when the market price is low, and it is also true now.

The American exchange Kraken is an institution that believes in Bitcoin. They said: "Firmly follow your vision and persevere. Thank you for being a pioneer of Bitcoin and promoting the widespread application of Bitcoin!"

This is not the first time that Bugele has publicly discussed the profits earned by holding Bitcoin in El Salvador. In December last year, when the price of Bitcoin soared above $42,400, he announced that El Salvador had earned more than $3.6 million from investing in Bitcoin and emphasized that he would continue to adhere to a long-term investment strategy.

At the same time, he also choked the media at the time: "If you are a real reporter, you should report the fact that we have made a profit with the same intensity that we reported our losses before." Nayib Tracker data shows that the country currently has 2,849 Bitcoins, with an average purchase cost of US$42,504.71, unrealized profits of US$54.129 million, and a floating profit of 44.7%.

Same position as the founder of MicroStrategy

Michael Saylor, the founder of MicroStrategy, who has the same position as Bugelei and just announced on the 26th that he will increase his position in 3,000 Bitcoins, in In a recent interview with Bloomberg, when asked whether he would sell Bitcoin to cash out, he also insisted on his belief and said: MicroStrategy has no plans to sell Bitcoin in the near future or even ever, and continues to be optimistic about Bitcoin. Holding Bitcoin is MicroStrategy’s market exit strategy.

At the same time yesterday, Michael Saylor once again issued an appeal: "Don't sell your Bitcoin."

Currently, MicroStrategy continues to dominate the Bitcoin holdings of listed companies, with its total BTC holdings reaching 193,000 and unrealized profits of US$5.77 billion.

Earn over 40% from Bitcoin investment in El Salvador! President: Those who think bad things should shut up

MicroStrategy’s total Bitcoin holdings reached 1.93 million, more than 12 times more than the second-ranked mining company Marathon

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source:120btc.com
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