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December 5, 2024

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 nationโ€™s 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.

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