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<ul>
 <li>President Bukele moves El Salvador’s Bitcoin to a cold wallet.</li>
 <li>Nation’s crypto-friendly initiatives praised after Bukele’s reelection victory.</li>
 <li>Comments laud El Salvador’s optimism and transformation under Bukele’s leadership.</li>
</ul>
<p>El Salvador’s President Nayib Bukele has once again made waves in the crypto community with his latest Bitcoin-positive announcement. In a recent tweet, Bukele revealed that a significant portion of the nation’s <a href="https://bitcoin.org/en/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin</a> holdings would be transferred to a cold wallet and stored in a physical vault within the country’s borders, dubbing it their first “Bitcoin piggy bank.”</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="en" dir="ltr">We've decided to transfer a big chunk of our <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> to a cold wallet, and store that cold wallet in a physical vault within our national territory.<br><br>You can call it our first <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> piggy bank <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f1f8-1f1fb.png" alt="🇸🇻" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>It's not much, but it's honest work <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f602.png" alt="😂" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/dqzedykxT1" rel="noopener noreferrer nofollow">pic.twitter.com/dqzedykxT1</a></p>— Nayib Bukele (@nayibbukele) <a href="https://twitter.com/nayibbukele/status/1768425845163503738?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 14, 2024</a>
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<p>This move comes after Bykele was re-elected as the President of El Salvador upon making history by adopting <a href="https://cryptonewsland.com/el-salvador-adds-bitcoin-as-legal-tender-paraguay-panama-to-follow/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin as legal tender</a>. The decision was made a few years ago and has since propelled the nation onto the global stage of crypto adoption.&nbsp;</p>
<p>Since then, El Salvador has embraced Bitcoin mining powered by its volcanic geothermal energy, initiated positive initiatives like pet hospitals, and provided <a href="https://chivowallet.com/" target="_blank" rel="noopener noreferrer nofollow">crypto wallets</a> to its citizens. President Bukele’s visionary leadership has garnered widespread praise, evident in his <a href="https://cryptonewsland.com/el-salvadors-visionary-president-nayib-bukele-secures-reelection/" target="_blank" rel="noopener noreferrer nofollow">recent landslide reelection victory</a>.</p>
<p>Bukele’s tweet about securing Bitcoin holdings in a cold wallet received enthusiastic responses from the crypto community, applauding his forward-thinking approach to nation-state self-custody of Bitcoin. Many lauded El Salvador’s welcoming environment for Bitcoiners, highlighting the country’s unique optimism and hopeful outlook for the future.</p>
<p>In the midst of discussions surrounding El Salvador’s transformative journey, a podcast featuring the people of El Salvador was referenced in the comments, emphasizing the nation’s regained collective identity and positive trajectory under Bukele’s leadership.</p>
<p>One commenter hailed El Salvador as a case study for positive national transformation, showcasing the potential impact of progressive policies and visionary leadership. With President Bukele at the helm, El Salvador continues to chart a bold path forward in the realm of cryptocurrency adoption, garnering admiration and attention from around the world.</p>
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4>
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/el-salvadors-visionary-president-nayib-bukele-secures-reelection/" rel="noopener noreferrer nofollow">El Salvador’s Visionary President Nayib Bukele Secures Reelection</a></li>
 <li><a href="https://cryptonewsland.com/el-salvadors-financial-analysis-by-nayib-bukele/" rel="noopener noreferrer nofollow">El Salvador`s financial analysis by Nayib Bukele</a></li>
 <li><a href="https://cryptonewsland.com/el-salvadors-president-bukele-highlights-bitcoin-gains-amid-crypto-rally/" rel="noopener noreferrer nofollow">El Salvador’s President Bukele Highlights Bitcoin Gains Amid Crypto Rally</a></li>
 <li><a href="https://cryptonewsland.com/el-salvador-president-nayib-bukele-reveals-bitcoin-strategys-success/" rel="noopener noreferrer nofollow">El Salvador President Nayib Bukele Reveals Bitcoin Strategy’s Success</a></li>
 <li><a href="https://cryptonewsland.com/binance-to-increase-staff-in-el-salvador-after-bukeles-zero-tech-tax-bill/" rel="noopener noreferrer nofollow">Binance To Increase Staff in El Salvador After Bukele’s Zero Tech Tax Bill</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/el-salvadors-bitcoin-now-secured-in-cold-wallet-and-a-physical-vault/" rel="noopener noreferrer nofollow">El Salvador’s Bitcoin Now Secured in Cold Wallet and a Physical Vault</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

El Salvador’s Bitcoin Now Secured in Cold Wallet and a Physical Vault

Crypto News Land

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