Bitcoin Back To $103k As El Salvador Shuns IMF Deal, Australia Forfeits BTC Proceeds
Posted On May 19, 2025
Bitcoin (CRYPTO: BTC) currently stands at $103,015.71, and has fallen 0.41% in a day and 0.79% over the week, but still had a 21.02% growth in the month. The price makes Bitcoin a resource for El Salvador, whose profit on BTC holdings has crossed over $300 million.
The government’s BTC now sits on a staggering $357 million unrealized profit, by far the largest margin since the country started investing in Bitcoin. When prices of Bitcoin recently came close to their all-time high, President Nayib Bukele reaffirmed to buy and hold Bitcoin, even amid ongoing criticism and conditions attached to the International Monetary Fund’s (IMF) funding deal for the nation.
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