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Bitcoin profits in El Salvador soar 70% and Bukele still has his critics waiting

Rudyard Kipling by Rudyard Kipling
March 13, 2024
Bitcoin profits in El Salvador soar 70% and Bukele still has his critics waiting
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Bitcoin (BTC) has officially broken its all-time high (ATH) and has, for the first time in its history, reached US$72,000. This is a significant milestone that has brought El Salvador's Bitcoin reserves to nearly 70%, and is more than just an incentive for that country's president, Nayib Bukele, to continue mocking critics of his policy.

according to place Track the Salvadoran government's investments in Bitcoin, nayibtracker.com, the Central American country's Bitcoin wallet It increased by 69.14% after ATH.

In this way, the 2,860 Bitcoins acquired by the Bukele administration, since September 6, 2021, Its value is currently estimated at more than 206 million US dollarsWith unrealized profits exceeding US$84 million, at the conclusion of this report.

Your Bitcoin wallet in El Salvador has seen sustained gains for a few weeks. Source: nayibtracker.com.

After the rise of Bitcoin to new historical levels, as well as the re-evaluation of the Bitcoin wallet in El Salvador, Bukele is using social networks With the intention of mocking the critics once again From his policy. But the silence remains, even though the Salvadoran president has recalled it on numerous occasions.

This Monday, Bukele subscriber A meme on his official X account (formerly Twitter) hinted at the response he had been waiting for from his critics for weeks. “I'm still waiting,” the post read, showing a human skeleton literally watching the computer, indicating the long wait.

Bukele has exploited the silence of his critics and the rise of Bitcoin to ridicule. Source: X.

Days ago, on March 4, when Bitcoin had already surpassed the ATH of $69,000, the ruler did the same at X. With a meme of the famous comedian Mr. Bean, Bukele He pointed out To a response that he had not received until that moment.

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But what answer do you expect? As CriptoNoticias reported on February 28, Bukele published a message in which he criticized the fact that politicians, analysts, journalists and specialists who questioned El Salvador's investment in Bitcoin remained silent.

The President urged these specialists to talk about the gains that El Salvador is now witnessing thanks to the rise of Bitcoin to historic levels, Just like they talked about losses When BTC reached $16,000, around 2022.

Rudyard Kipling

Rudyard Kipling

Rudyard Kipling writes for The Cleveland American, covering news, politics, business, technology, sport, entertainment, and lifestyle. He focuses on clear, reliable reporting and useful information, helping readers stay informed about current events, important developments, and stories that matter.

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