El Salvador Hits $600M in Bitcoin Holdings as Price Reaches $100K
El Salvador’s Bitcoin holdings have skyrocketed to $600 million as the cryptocurrency hits the monumental price of $100,000. When the country adopted Bitcoin as legal tender in 2021, it faced significant criticism from global leaders who labeled the move as a financial blunder. President Nayib Bukele staunchly supported Bitcoin, championing its potential to transform the nationโs economy. With current trends highlighting Bitcoin’s resurgence in value, many are reevaluating the initial skepticism and considering the possibilities of a Bitcoin-driven economy.