Re: El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻
El Salvador moved more than 5,000 BTC to a cold storage wallet worth about $400 million dollars.
El Salvador started buying the first bitcoins as treasury assets in 2021. They said they would buy at least one bitcoin per day and they have maintained that streak. When El Salvador first started buying bitcoins, one bitcoin was worth around $52,000. But currently the price of Bitcoin has increased and touched $73 thousand which is the highest price ever.
"We have decided to transfer a large portion of our bitcoins to a cold storage wallet and store that cold wallet in a vault within our national territory," You can call it our first bitcoin piggy bank. El Salvador's president, Naib Buckley, said on his Twitter.
X
https://www.coindesk.com/policy/2024/03/15/el-salvador-has-thousands-more-bitcoins-than-previously-known/
El Salvador started buying the first bitcoins as treasury assets in 2021. They said they would buy at least one bitcoin per day and they have maintained that streak. When El Salvador first started buying bitcoins, one bitcoin was worth around $52,000. But currently the price of Bitcoin has increased and touched $73 thousand which is the highest price ever.
"We have decided to transfer a large portion of our bitcoins to a cold storage wallet and store that cold wallet in a vault within our national territory," You can call it our first bitcoin piggy bank. El Salvador's president, Naib Buckley, said on his Twitter.
Xhttps://www.coindesk.com/policy/2024/03/15/el-salvador-has-thousands-more-bitcoins-than-previously-known/
That was a good move. Took them long enough, but still. Also, it says that they moved a large portion to the cold wallet. Why not all?