El Salvador’s Bitcoin Bet Is Paying Off—Here’s How Much The Country Is Up

Posted On November 8, 2024

El Salvador, the first nation state to adopt Bitcoin (CRYPTO: BTC) as a means of payment, is up 81% on its investments, according to on-chain analysis.

What Happened: Spotonchain data shows El Salvador’s strategic Bitcoin investments, led by president Nayib Bukele, have reaped gains of $24.54 million. Starting Nov. 18, 2022, the country purchased one bitcoin daily at an average price below $42,000.