El Salvador may become one of the world’s richest countries due to Bitcoin holdings

El Salvador may become one of the world’s richest countries due to Bitcoin holdings

El Salvador became the first country in the world to adopt Bitcoin as legal tender. Since then, the government has been buying 1 Bitcoin per day.

The Bitcoin held by the government of El Salvador – which consists of over 2,000 BTC – is now valued at more than $150 million. Bitcoin is predicted to continue increasing in price, potentially bringing significant profits to El Salvador.