El Salvador: The Most Profitable Country on Bitcoin Investment

[stadus]

Some people might argue that the profit El Salvador have made from investing in Bitcoin is insignificant. But the truth remains that they have made some good money. If they didn't invest in Bitcoin, I guess they won't have been able to make this funds. The gain from Bitcoin investment could be used to invest in some important infastructure that the country needs.

This country has a huge debt- "$24 billion, which is over 80% of its GDP". The profit they’ve gained from their Bitcoin investment could already help alleviate this to some extent.

Since they were the first country to legalize Bitcoin, it’s also good for their economy as it could attract more investors. On top of that, they’ve started mining Bitcoin, similar to Bhutan. So aside from their investment profits, they’ll also generate income from mining, creating another potential revenue stream.

But it seems that the country has a long time investment plan for Bitcoin, so they might not be selling anytime soon. If the other Presidents after Nayib Bukele have thesame vision, they might keep the coin until it hits maybe $1m. 

There are reports also suggesting that they might sell some of their holdings, but there’s no confirmation yet if they’ve actually done so. However, I think it’s possible, as they would need to profit from their investment, especially considering the country’s high debt.

[Popkon6]

El Salvador's Bitcoin collection started in 2021, they have been holding Bitcoin regularly. Because they have taken risks to reach the peak of success at the present time and by trying their best, they have provided all kinds of benefits to the people in terms of Bitcoin. And they have sustained their Bitcoin holding through various results over the years, and the government of El Salvador, Nayib Bukele, has contributed the most to this Bitcoin reaching the peak of the most successful time at the present time.
The amount of benefits that have been achieved today will play a major role in their country's economy, they have collected about 6000 plus Bitcoins. Long-term hard work and holding has fulfilled the most successful time at the present time and they are able to move forward in their country's economy.

[fruktik]

This is quite an astonishing feat reached by El Salvador's community. Their president is the kind of man every developing country would wish for .
Perceiving opportunities and grasping them at the right time rather than looking out on the western civilized nations and mimicking their way of life.

So what is Bukele's merit? That he buys Bitcoins? And what does he do with them, actually? Nothing. They just sit in his wallet and that's it. Do you think that he will just spend them on the development of the country? Somehow I seriously doubt it. Something tells me that he will run away with this money when the time comes and live happily ever after. How many times has this happened in history and this will not be an exception.

[Swordsoffreedom]

So what is Bukele's merit? That he buys Bitcoins? And what does he do with them, actually? Nothing. They just sit in his wallet and that's it. Do you think that he will just spend them on the development of the country? Somehow I seriously doubt it. Something tells me that he will run away with this money when the time comes and live happily ever after. How many times has this happened in history and this will not be an exception.

If you follow the news related to the country of El Salvador, you will see that their economy has improved significantly under Bukele's leadership. The economy has improved somewhat, crime rates have decreased, national debt has decreased, people's lives have improved...That is why he received the support of the people and was re-elected president in the recent vote.

If he was a corrupt president who only cared about himself and not the people, he would have run away with those bitcoins a long time ago, he wouldn't have to work to improve the national economy.
I don't know what he did to you and what made you think so negatively about him, but he's not as bad as you say, IMO.

[Asiska02]

El Salvador investment in bitcoin has been going on for years now and they didn’t stop even when the odds where against them and are forced to not invest fully into bitcoin. They even made bitcoin legal in the country but since they’re not a first class country, the adoption was not really felt, not really had a lot of effect in the bitcoin adoption on a worldwide level. This steps they’ve taken has started to show its relevance for them as they now have a very big reserve in their economy that will help to boost their economy in years to come from now. It is not too late for any country to take in their part but fear and uncertainty will be their setback especially countries that depends on other ones for their decisions, those third class countries in precise. El Salvador has really take a bold step and it’s better if all countries follow in their strive.

[dunfida]

With the current bull run, one country has benefited significantly - El Salvador. They started accumulating Bitcoin well before this bull run, and as recently reported, they’ve already gained more than 100% on their investment.

Just imagine what that kind of profit could do to improve their country. I think other nations, especially developing ones, should start considering following El Salvador’s lead when it comes to Bitcoin investment. It could improve their economies, it should be a game- changer.

Look at the numbers.




https://www.marketwatch.com/story/el-salvador-sits-on-300-million-plus-profit-as-bitcoin-hits-a-milestone-a00f3e64]
Among those celebrating bitcoin’s ascendance past $100,000 is the country of El Salvador.

President Nayib Bukele on Thursday posted a screenshot of the country’s portfolio on X that showed a current year-to-date balance of $603,340,991, a gain of 117%, or $326,245,977.98, thanks to a bitcoin investment that began in 2021.

The government of El Salvador is a wise and important person. His intelligence has created a stir all over the world. Even after hearing bad things from different countries and people, he did not back down from investing in Bitcoin. He invested in Bitcoin with his absolute faith. He invested in Bitcoin with his own courage without caring about what people said, and today he is known all over the world as a brave and wise person. I think every country should have a government like El Salvador.

If the government of each country thought about its own country in its own way, then the country would reach the peak of much progress. If the governments of all developing countries could take steps like this government, then I think they would one day be able to give their country a good gift and the country would achieve a lot of progress financially.

I remember up those days or that moment on which Bukele did really get most of criticisms or the El Salvador itself having those words basing up into the actions that they had made. Instead on trying to revoke or that trying out to change it out they do even more decided to accumulate even more. Yes, its a risky move but it turned out to be the best decision that he had made out. Trying out to look on how much they do gain up on keeping on DCA'ing even with that bear market on which it did really make up that huge profits now basing up into the coins that they are holding. To those bashers back in the past on what they have done then it do turned out that they've seen that the risks they took about making it a legal tender did really paid off on just simply basing on looking up on the gains then this is really that a good news into the entire El Salvador. So the main question is, when they would off load their bags?

[Majestic-milf]

 I'm sure Central African Republic would be regretting their decision to abandon Bitcoin now because back when they followed El Salvador to adopt it as their legal tender in 2022, they had high hopes of it helping their very struggling economy but with so much internal and external pressures, had to drop the plan to make it work.
Nayib Bukele was hit with so much backlash when he did the same thing back in 2021 and now who's smiling? Imagine the same people who criticized his actions are now calling him smart.

[tbct_mt2]

So what is Bukele's merit? That he buys Bitcoins? And what does he do with them, actually? Nothing. They just sit in his wallet and that's it. Do you think that he will just spend them on the development of the country? Somehow I seriously doubt it. Something tells me that he will run away with this money when the time comes and live happily ever after. How many times has this happened in history and this will not be an exception.

It's bitcoin of El Salvador, not a personal bitcoin of Nayib Bukele. These bitcoins are stored in a wallet of his nation, and I remember they moved it to a cold, multisig wallet months ago. I don't know who are cosigners of that multisig wallet but it's quite sure that Bukele is not a single person or signer of El Salvador national Bitcoin wallet.

El Salvador Safeguards Bitcoin in Physical Vault within National Territory.
El Salvador moves Bitcoin reserves to Cold Storage Vault.

[Lucius]

This country has a huge debt- "$24 billion, which is over 80% of its GDP". The profit they’ve gained from their Bitcoin investment could already help alleviate this to some extent.
~snip~

What is $300 million compared to a debt of $24 billion? Even if the price of BTC rises x10 tomorrow, it still wouldn't help them get out of the abyss they've been in for several decades. What would have helped them is if they had a much more aggressive investment policy in BTC a few years ago when BTC was much cheaper - but instead the president decided to buy 1 BTC every day, which doesn't seem like a wise move today.

For that country, BTC is just one of a series of experiments they resort to in order to find a solution, but BTC is not a solution for the failed economy in a country destroyed by bribery, corruption and gang violence.

[mirakal]

Nayib Bukele jump in the right time, he bought Bitcoin when Bitcoin was cheap, he might have been studying the market from few years ago, so he know when to buy Bitcoin.

I disagree if developing countries should buy Bitcoin to change improve their financial, the biggest problem in developing countries is corruption, even the country made 1,000% profit, they wouldn't distribute all the profit, they might only distribute 1% to the public.

Bukele is a massive bitcoin investor personally, so he’s deeply into bitcoin before sitting in his current position. That brings me to a certain point that the progress of one’s country relies much on the leader itself. Luckily, Bukele has it all to be a great leader because of his being visionary, strategic and resilience.

El Salvador was once a developing country before, but because they’ve chosen a responsible and a passionate one, most especially when it comes to financial aspects, now this small country becomes the most profitable country when it comes to bitcoin investment.

[Kelward]

I'm sure Central African Republic would be regretting their decision to abandon Bitcoin now because back when they followed El Salvador to adopt it as their legal tender in 2022, they had high hopes of it helping their very struggling economy but with so much internal and external pressures, had to drop the plan to make it work.
Nayib Bukele was hit with so much backlash when he did the same thing back in 2021 and now who's smiling? Imagine the same people who criticized his actions are now calling him smart.

It's a shame that central African republic, had to abandon Bitcoin, I'm sure that they must be regretting that decision now that Bitcoin is bullish. It's not too late for them to have a rethink and adopt it again, Bitcoin has the potentials to keep reaching new ATH in the future. Bitcoin is an asset that can greatly benefit underdeveloped countries to have an avenue of generating income for their countries on the long term, hopefully more countries in this category will follow the footstep of El Salvador, and utilize the potentials of Bitcoin to grow their reserve. I applaud the proactive stride of El Salvador, president to think outside the box and adopt Bitcoin for his country, despite all the criticism that he faced.

[buwaytress]

Still waiting on Bukele to provide several things I've brought up in the past, including proof of reserves, proof of access (the keys should be at minimum multisig and assigned to several cabinet members), and a financial statement of where the investments come from. You would like to imagine it's all public money, but for as long as these numbers get Tweeted out from his toilet bowl, they really don't mean much.

P.S. If he's only made about 100%, average buy price is $50k. Thought he was doing all this even right after the 2021 crash. I always thought the DCA (my assumption) only started a bit after.

[Marvell1]

I'm sure Central African Republic would be regretting their decision to abandon Bitcoin now because back when they followed El Salvador to adopt it as their legal tender in 2022, they had high hopes of it helping their very struggling economy but with so much internal and external pressures, had to drop the plan to make it work.
Nayib Bukele was hit with so much backlash when he did the same thing back in 2021 and now who's smiling? Imagine the same people who criticized his actions are now calling him smart.

It's a shame that central African republic, had to abandon Bitcoin, I'm sure that they must be regretting that decision now that Bitcoin is bullish. It's not too late for them to have a rethink and adopt it again, Bitcoin has the potentials to keep reaching new ATH in the future. Bitcoin is an asset that can greatly benefit underdeveloped countries to have an avenue of generating income for their countries on the long term, hopefully more countries in this category will follow the footstep of El Salvador, and utilize the potentials of Bitcoin to grow their reserve. I applaud the proactive stride of El Salvador, president to think outside the box and adopt Bitcoin for his country, despite all the criticism that he faced.

It's a shame they failed to make bitcoin legal tender because they were the 2nd country in the world to do so. But as far as I know their economy has many internal problems and there are more important issues to solve than focusing on bitcoin investment. According to Vice, the country has a population of more than 4 million people, but only 14% of the population has electricity and only 11% of the population has internet access. So we can sympathize and empathize with them instead of laughing at them for the difficulties they are facing. Like us, how can we invest in bitcoin when we have no job, no steady income and a family waiting?



source: vice.com

[Ziskinberg]

Still waiting on Bukele to provide several things I've brought up in the past, including proof of reserves,...

Does this information suffice for what you are looking for regarding proof of reserves?

https://bitcoin.gob.sv/

This can also be found in this article.
El Salvador launches $360M Bitcoin treasury monitoring website

This was in 2021, but their holdings have now increased to 5,958.77 BTC, equivalent to $589,804,677 at the current price.

[Rabata]

When Nayib Bukele invested in Bitcoin, many criticized his government, thinking that the country would rather suffer losses from investing bitcoin. But when the country is now 100 percent profitable from investing, those critics in the country must now calm down. Nayib Bukele's visionary decision has shown them profit today, but it was not suitable at the time when the country invested. In terms of investment, an investor must take a decision based on prediction. If someone cannot predict the future, it is difficult for him to profit from the investment. Every one needs to develop a mentality that accepts the risk involved in investing.

Nayib Bukele bought 6,180 BTC at $44,739 per Bitcoin in 2021. That Bitcoin of $270 million has now reached $333 million. If at that time, the people of their country and the commentators had encouraged him to buy Bitcoin more, perhaps the amount would have been higher today.

But it does not end here, those who review the past history and use the present time correctly will definitely be profitable. At whatever level the price of Bitcoin is, its price will increase further in the future and El Salvador's profits will also continue to increase if they do not sell.

[Woodie]

Nayib Bukele bought 6,180 BTC at $44,739 per Bitcoin in 2021. That Bitcoin of $270 million has now reached $333 million. If at that time, the people of their country and the commentators had encouraged him to buy Bitcoin more, perhaps the amount would have been higher today.

The problem with the internet,  we never get information  from the sources and everything becomes secondary data

Anyway, I remember reading about this El Salvador Bitcoin investment a few days ago and it's profits today... the writer of that article mentioned something like the investment was totaling close to ~$300m and have gone on to report that the country had made a profit of $300m when Bitcoin price crossed the 100k mark...of which Elon Musk commented on as being "impressive"...just hope they build something that can generate income and not use the profits for consumption.

[m2017]

With the current bull run, one country has benefited significantly - El Salvador. They started accumulating Bitcoin well before this bull run, and as recently reported, they’ve already gained more than 100% on their investment.

If the profit is unrealized, then how can we talk about receiving 100% of the profit?

Just imagine what that kind of profit could do to improve their country.

It seems to me that if the invested money were spent on production, business, and, simply, hospitals, schools and educational institutions in the country, then we could talk about improving the country. That is, improving the real sector.

I think other nations, especially developing ones, should start considering following El Salvador’s lead when it comes to Bitcoin investment.

Well, yes. And instead of using the money to develop the real sector in developing countries, their deficit budgets will be spent on bitcoin.  

It's like a poor person spending his money on investing in bitcoin. You all here claim that only spare money should be invested in btc. So why do you suggest that poor countries invest in bitcoin when they already have little money?

It could improve their economies, it should be a game- changer.

The economy can be improved by producing something that is traded on the world market, not by speculation.

[Oshio-man]

If many countries can copy this from El Salvador government to invest in bitcoin in the bear season and sell in the bull season, I don't think there would have been inflation in the world today, and even though there will be inflation in the world it will not be massive like this current inflation because this huge amount of income they have made from bitcoin in this bull season, it will go a long way to boost their economy for their citizens to experience the surplus of good living in their country, For El Salvador government to make this kind of income from bitcoin, I think it has been long they have be holding the bitcoins till this current bull season before they advice themselves to release the bitcoins  in this highest price of bitcoin to earn this amount of funds from bitcoin.

[Majestic-milf]

I'm sure Central African Republic would be regretting their decision to abandon Bitcoin now because back when they followed El Salvador to adopt it as their legal tender in 2022, they had high hopes of it helping their very struggling economy but with so much internal and external pressures, had to drop the plan to make it work.
Nayib Bukele was hit with so much backlash when he did the same thing back in 2021 and now who's smiling? Imagine the same people who criticized his actions are now calling him smart.

It's a shame that central African republic, had to abandon Bitcoin, I'm sure that they must be regretting that decision now that Bitcoin is bullish. It's not too late for them to have a rethink and adopt it again, Bitcoin has the potentials to keep reaching new ATH in the future. Bitcoin is an asset that can greatly benefit underdeveloped countries to have an avenue of generating income for their countries on the long term, hopefully more countries in this category will follow the footstep of El Salvador, and utilize the potentials of Bitcoin to grow their reserve. I applaud the proactive stride of El Salvador, president to think outside the box and adopt Bitcoin for his country, despite all the criticism that he faced.

You won't blame a country that is being affected by so many factors that decides to drop Bitcoin because it looked as if they decided that it was better to focus first on their other problems; low economy, wars and lack of electricity than continue with their choice of accepting Bitcoin as a legal tender. If anything, investing in Bitcoin like Bukele did, even if it wasn't the amount that Bukele invested, they would have been benefitting from it dividends and it would have also solved their weak economy. Talk about using one stone to kill two birds.

[Felicity_Tide]

With the current bull run, one country has benefited significantly - El Salvador. They started accumulating Bitcoin well before this bull run, and as recently reported, they’ve already gained more than 100% on their investment.

Just imagine what that kind of profit could do to improve their country. I think other nations, especially developing ones, should start considering following El Salvador’s lead when it comes to Bitcoin investment. It could improve their economies, it should be a game- changer.

Look at the numbers.

Among those celebrating bitcoin’s ascendance past $100,000 is the country of El Salvador.

President Nayib Bukele on Thursday posted a screenshot of the country’s portfolio on X that showed a current year-to-date balance of $603,340,991, a gain of 117%, or $326,245,977.98, thanks to a bitcoin investment that began in 2021.

We won't see the IMF reacting to this, because Bitcoin has put them to shame. I can still remember the thread I read about the IMF sending warning to El Salvador about their Bitcoin adoption. The truth is, the IMF understands what Bitcoin can do for developing countries if they choose to buy for the future of their economy. It's quite shameful that my country isn't part of any of these, because those in authority knows nothing other than borrowing from either the world bank or IMF.

Bitcoin investment is a very open and profitable investment both for an average person, and even the government of a country. Just imagine the profits El Salvador has made, but it won't have happened if the president didn't picture the future benefits of Bitcoin. Congrats to them. They really deserve this profits, and congrats to those of us that are part of it. It's quite unfortunate that the government of my country don't come across news like this, because they choose what to hear.