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 $50,000. 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.
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https://www.coindesk.com/policy/2024/03/15/el-salvador-has-thousands-more-bitcoins-than-previously-known/
Well, I'm glad that Bukele decided to do this, because lately there has been quite a bit of talk about where these bitcoins are, where they are hold, and how many there are.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 $50,000. 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/
It is noteworthy that there were almost twice as many bitcoins as previously thought, this shows Bukele’s commitment to bitcoin, which means that he not only talks, but also continues to act, accumulating as many bitcoins as possible. It’s also very good that they are hold on a cold wallet, this will definitely add reliability to their storage. Since these bitcoins were purchased with taxpayers' money, I think it is right to allow people to see where they are stored.