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El Salvador Will Keep Buying 1 Bitcoin Daily Until BTC ‘Becomes Unaffordable’ With Fiat Currencies, Says President Bukele
17.3.2024
El Salvador has been buying one bitcoin a day since 2022, according to President Nayib Bukele, who confirmed that his country’s “1 bitcoin a day program” will continue until the cryptocurrency “becomes unaffordable with fiat currencies.” The bitcoins acquired from...
El Salvador Moves ‘Big Chunk’ of Its BTC to Cold Wallet — President Bukele Says ‘Call It Our First Bitcoin Piggy Bank’
16.3.2024
El Salvador has transferred “a big chunk” of its bitcoin holdings to a cold wallet, President Nayib Bukele has announced. “You can call it our first bitcoin piggy bank,” he said. As of writing, the wallet’s balance totals approximately 5,690 bitcoins. El Salvador...
El Salvador Transfers 5,000 Bitcoins to Cold Wallet, Surpassing Bitcoin Holdings Estimates
15.3.2024
El Salvador moved over 5,000 Bitcoins valued at over $400 million into a cold wallet this week, President Nayib Bukele revealed in a March 14 X post. The move surprised the cryptocurrency community by substantially surpassing expectations of what the country was believed to hold in the rallying...
El Salvador to Store ‘Big Chunk’ of Bitcoin Holdings in Physical Vault
15.3.2024
El Salvador intends to move a substantial portion of its Bitcoin holdings to a cold wallet. This wallet would be housed in a physical vault within the country, President Nayib Bukele revealed Friday.
The post El Salvador to Store ‘Big Chunk’ of Bitcoin Holdings in Physical Vault appeared first...
El Salvador Has Thousands More Bitcoins Than Previously Known
15.3.2024
The Central American nation moved $400 million in BTC into a cold storage wallet this week
El Salvador Axes Income Tax for Investments From Abroad
13.3.2024
The nation, which is attempting to attract foreign capital, removed income tax on investment from overseas
El Salvador Has More Bitcoin Than Public Estimates With Multiple BTC Revenue Sources, President Bukele Indicates
13.3.2024
President Nayib Bukele of El Salvador has indicated that his country’s bitcoin holdings may exceed public estimates. He revealed that El Salvador has been generating bitcoin-related revenue from various sources in addition to the capital gains from bitcoin purchased since its legalization...
Tim Draper Expects Bitcoin to Transform El Salvador Into One of the Richest Countries in the World
12.3.2024
Tim Draper, a venture capitalist famous for his bitcoin price predictions, has praised El Salvador’s vision of embracing this new technology and talked about the benefits of this decision for its people. According to Draper, bitcoin will make El Salvador one of the richest countries in...
Nayib Bukele Reacts to Bitcoin Critic’s Indictment with Laughter
7.3.2024
President Nayib Bukele has responded humorously to a social media post highlighting the legal troubles of one of his country's prominent critics in Capitol Hill. Bukele quoted a post on X (formerly Twitter) with a laughing emoji. The post detailed Senator Bob Menendez's indictment, adding a touch...
Latam Insights: El Salvador Won’t Sell Its Bitcoin, Bitcoin Spot ETFs Land In Brazil and Peru
4.3.2024
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: President Bukele states El Salvador will not sell its bitcoin, Bitcoin ETFs land in Brazil and Peru, and Argentine President Javier Milei aims to criminalize...
Satoshi’s Growing Fortune, JPMorgan Says Halving Priced in, Peter Brandt Raises BTC Price Target, and More — Week in Review
3.3.2024
Bitcoin’s valuation surged past the $1 trillion mark, significantly increasing the net worth of its elusive creator, Satoshi Nakamoto, by nearly $9 billion in two months. JPMorgan Chase analysts have identified the Bitcoin halving event and an upcoming major Ethereum network upgrade as...
El Salvador President Nayib Bukele Confirms No Bitcoin Sell-Off for Now
29.2.2024
El Salvador President Bukele slammed the critics who wrote about the country’s supposed losses when BTC price was low and stressed that it "won't sell" as of now.
The post El Salvador President Nayib Bukele Confirms No Bitcoin Sell-Off for Now appeared first on Cryptonews
El Salvador Won’t Sell Its Bitcoin — President Bukele Says ‘at the end 1 BTC = 1 BTC’
29.2.2024
El Salvador president, Nayib Bukele, has affirmed that his country will not sell its bitcoin, emphasizing that “At the end 1 BTC = 1 BTC (this was true when the market price was low and it’s true now).” Bukele further shared: “Now that bitcoin’s market price...
El Salvador's Bukele Says Value of Country's Bitcoin Holdings Up Over 40%
28.2.2024
The country's bonds have also surged to over 80 cents on the dollar
Latam Insights: Bukele Wins Presidential Ballot by Landslide, Brazil Strengthens Crypto Tax Oversight
12.2.2024
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Nayib Bukele wins the presidential elections in El Salvador, the Brazilian tax authority finds over 25,000 irregularities in crypto tax statements,...
Nayib Bukele wins reelection as president of El Salvador
5.2.2024
Nayib Bukele, who gained a decisive victory and is renowned for his affinity with Bitcoin, has been sworn in as the president of El Salvador for 2024. Bukele disclosed the information prior to the electoral body’s official announcement. According to a tweet by Bukele, he emerged victorious...
Bitcoin Price Prediction: BTC Nears $42,500 Amid Bukele Win and Soaring ETF Interest
5.2.2024
During the Asian trading session, Bitcoin’s latest price prediction takes into account a modest retreat to $42,585, marking a slight downturn of over 1%. This movement coincides with significant developments in the sector: President Nayib Bukele’s electoral success in El Salvador,...
El Salvador’s Pro Bitcoin President Nayib Bukele Claims Victory in Re-election Poll
5.2.2024
El Salvador’s incumbent president Nayib Bukele has claimed an overwhelming victory in the country’s presidential election poll. Bukele announced his commanding lead shortly after the polls closed. According to Bukele’s latest post, the preliminary counts secured his victory with more...
Bitcoin Pioneer Nayib Bukele Reelected in El Salvador by a Landslide
5.2.2024
President Nayib Bukele, a pioneer in introducing the law that made bitcoin legal tender in El Salvador, has been reelected as president of the country in the ballot completed on Sunday. The Latam leader, who will reportedly continue implementing bitcoin-related policies, won by a landslide, scoring...
El Salvador's Bitcoin-Friendly President Nayib Bukele Wins Re-Election
5.2.2024
The country in 2021 became the first nation to adopt bitcoin as legal tender