Despite criticism from some financial institutions, including the International Monetary Fund (IMF), El Salvador continues to invest in Bitcoin. Nayib Bukele wrote on social media X that the government will continue to purchase digital gold through the dollar cost averaging (DCA) strategy.
After updating its all-time high at $73,650 in early March of this year, El Salvador received over $65 million in unrealized profits. A few days ago, the head of state published data on cryptocurrency assets stored in the wallet. The number of bitcoins at the address was 5,689, which was twice as high as experts estimated.
According to a survey conducted by the Central American University José Simeon Cañas in El Salvador, 12% of the local population will use Bitcoin at least once to pay for goods and services in 2023.
Source: Bits
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