Re: El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻
Nayib Bukele Teases Move as Odds Rise on El Salvador’s Bitcoin Hitting $1 Billion.
El Salvador has seen its bold Bitcoin strategy gain renewed global attention after a cheeky exchange on X between prediction platform Kalshi and President Nayib Bukele. Kalshi posted, “25% chance El Salvador’s $BTC reserve is worth $1 billion before December 👀,” to which Bukele coyly replied, “I could do the funniest thing right now…” — a playful tease that captivates both skeptics and supporters alike.
The potential for reaching that $1 billion milestone isn’t purely speculative. According to recent data from the country’s official Bitcoin Office, El Salvador holds around 6,282.18 BTC, valued at approximately $702 million, with a weekly increase of about 8BTC . Other sources bolster the bullish narrative: as of mid-July, Bitcoin’s rally above $122,000 had pushed the reserves’ value past $760 million . By mid‑August, estimates placed the total reserves at $770 million.
In addition, President Bukele himself has highlighted paper gains of several hundred million dollars, noting, for instance, that reserves were worth around $691 million, generating an unrealized gain of nearly $400 million . Earlier projections even pegged the portfolio’s value near $603 million, marking a 117% return since the initial investment .
This strategic accumulation and retention of Bitcoin by El Salvador has captured interest across the globe, especially in the U.S., where the implications of a nation growing its crypto reserves by hundreds of millions is seen as a landmark experiment . Bukele’s playful “funniest thing” comment may hint at further strategic moves—or perhaps a dramatic announcement—before year’s end.
https://elsalvadorinenglish.com/2025/08/27/nayib-bukele-teases-move-as-odds-rise-on-el-salvadors-bitcoin-hitting-1-billion/
El Salvador has seen its bold Bitcoin strategy gain renewed global attention after a cheeky exchange on X between prediction platform Kalshi and President Nayib Bukele. Kalshi posted, “25% chance El Salvador’s $BTC reserve is worth $1 billion before December 👀,” to which Bukele coyly replied, “I could do the funniest thing right now…” — a playful tease that captivates both skeptics and supporters alike.
The potential for reaching that $1 billion milestone isn’t purely speculative. According to recent data from the country’s official Bitcoin Office, El Salvador holds around 6,282.18 BTC, valued at approximately $702 million, with a weekly increase of about 8BTC . Other sources bolster the bullish narrative: as of mid-July, Bitcoin’s rally above $122,000 had pushed the reserves’ value past $760 million . By mid‑August, estimates placed the total reserves at $770 million.
In addition, President Bukele himself has highlighted paper gains of several hundred million dollars, noting, for instance, that reserves were worth around $691 million, generating an unrealized gain of nearly $400 million . Earlier projections even pegged the portfolio’s value near $603 million, marking a 117% return since the initial investment .
This strategic accumulation and retention of Bitcoin by El Salvador has captured interest across the globe, especially in the U.S., where the implications of a nation growing its crypto reserves by hundreds of millions is seen as a landmark experiment . Bukele’s playful “funniest thing” comment may hint at further strategic moves—or perhaps a dramatic announcement—before year’s end.
https://elsalvadorinenglish.com/2025/08/27/nayib-bukele-teases-move-as-odds-rise-on-el-salvadors-bitcoin-hitting-1-billion/