Buy 1 BTC every day for 3 consecutive years! Salvadoran President celebrates: currently making a fortune of 01928374656574839201

Buy 1 Bitcoin every day for 3 consecutive years

Can you imagine buying 1 Bitcoin every day for 3 consecutive years? This is not a story from fantasy, but a true story that happened in the small Latin American country of El Salvador!

According to a report from blockchain data analysis firm Arkham Intelligence, El Salvador officially adopted BTC as legal currency in September 2021 after current President Nayib Bukele took office. Since then, the country has maintained a strategy of purchasing 1 BTC per day. As of now, the country has accumulated 5,995 BTC with an average purchase price of only $45,297 per coin.

As the price of BTC (BTC) broke through the $100,000 mark on December 5th, this Latin American small country now holds over $613 million in BTC reserves, which is $344 million more than the initial investment of $269.7 million, an increase of 127.3%.

Salvadoran President celebrates happily

Current President Bug Lei shared a chart on Facebook showing investment profits and celebrated: 'Thank God, the value of our country's Bitcoin reserves now exceeds the value we paid for them by 127.30%, meaning an increase of more than 344 million US dollars.'

Image source: Facebook Bugle's post.

Looking back, when El Salvador announced in 2021 that BTC became a legal currency, not only did the Salvadoran opposition sharply criticize this move and staged large-scale protests on the streets, economists also unanimously criticized Bukele's policy. The IMF International Monetary Fund even issued a severe warning, believing that this highly fluctuating asset would cause serious damage to the country's finances.

However, Bug Lei has always firmly believed that BTC is not only a tool to attract international investment, but also a key to promoting financial inclusion. And now, the critics can hardly find fault with this impressive investment performance.

Bukelei even directly accused the opposition of spreading fear in a Facebook post, leading to many Salvadorans missing out on investment opportunities. He said, "The opposition's misguided views not only affected Bitcoin, but also prevented many people from having a better economic future."

Transparency and long-term risks still need to follow

However, Carlos Acevedo, former president of the Central Bank of El Salvador, remains skeptical. He pointed out that although the big pump in the price of BTC seems to have made El Salvador's investment portfolio profitable, these funds have not been realized and still carry potential risks.

He believes that the volatility and underutilization of BTC are still important challenges, especially for most Salvadorans who have not yet embraced Crypto Assets, this investment seems more like an outsider's game.

For El Salvador, BTC is not only an investment, but also a part of the country's image. Whether this experiment can ultimately succeed may be evaluated by future history.

But for now, President Bukelei, his government, and even the whole of El Salvador, undoubtedly have carved out their own place in the global encryption currency market.

[Disclaimer] There are risks in the market, and investment should be cautious. Analyst views are for reference only, and users should refer to more diverse indicators to determine whether to invest, and consider whether any opinions, views, or conclusions in this article are in line with their specific situation. Investing based on this is at your own risk.

"Buying 1 BTC every day for 3 consecutive years! Salvadoran President celebrates: currently earning this number like crazy" This article was first published in "encryption city"