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<p>The post <a href="https://coinpedia.org/crypto-live-news/el-salvadors-bitcoin-bet-pays-off-with-84-million-profits/" rel="noopener noreferrer nofollow">El Salvador’s Bitcoin Bet Pays Off with $84 Million Profits!</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>El Salvador’s strategic investment in Bitcoin has taken it to remarkable heights. Nayib Bukele, the president, showcased its portfolio with an exceptional $84 million profit. El Salvador has aggressively been purchasing Bitcoin, acquiring a total of 2,861 BTC, which are now worth over $206 million, reflecting a 69% surge in value. Notably, thus not just stems from market appreciation, but from innovative revenue streams tied to Bitcoin which include the country’s passport program, conversion services from BTC to USD for local businesses, state-operated Bitcoin mining, and Bitcoin-based government service payments. El Salvador has implemented a holistic approach to leverage crypto for economic progress.</p>

El Salvador’s Bitcoin Bet Pays Off with $84 Million Profits!

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