Nayib Bukele News

El Salvador aims to become LATAM’s crypto Silicon Valley, but these aspirations hinge on better relations with US banks.

El Salvador’s total Bitcoin stockpile has grown again and now stands at 6,068 Bitcoin, currently worth over $554 million.

Bitcoin accounts for nearly 15% of El Salvador’s reserves as President Bukele doubles down on his bold crypto strategy, even after inking a deal with the IMF.

A shining example of Bitcoin adoption, Salvadoran President Nayib Bukele disappointed Bitcoiners this week and divided opinion over the asset’s local future.

El Salvador’s total stockpile now stands at 6,044 Bitcoin, worth over $617 million, after the country bought an additional 12 BTC in the last day.

The expanding ranks of pro-Bitcoin presidents are boosting global optimism for crypto mass adoption.

El Salvador joins the US, China, the UK, Ukraine and Bhutan as the only countries with Bitcoin holdings currently above 6,000 BTC.

From blockchain boosters to crypto critics, 2024 highlighted the champions and adversaries shaping the future of digital assets.

El Salvador partners with Argentina to strengthen the digital assets industry, and has talks underway with over 25 nations for similar partnerships.

El Salvador reportedly expects to reach an agreement with the IMF on a $1.3 billion loan deal in return for changes in its Bitcoin Law.

El Salvador’s unrealized gains of more than $300 million on its Bitcoin purchases came as BTC broke through the $100,000 milestone price.

President Bukele visited Tesla to meet with Elon Musk and discuss the future of AI, Bitcoin, and El Salvador’s emerging role in tech innovation.

According to a TIME Magazine correspondent, El Salvador President Nayib Bukele used Bitcoin to “change the narrative” on the country’s international perception.

Despite widespread initial criticism, El Salvador is sitting on over $31 million worth of Bitcoin profit.

The Salvadoran president seemed to embrace the ”authoritarian” label while admitting that the country had not seen as many benefits from Bitcoin as he anticipated.