El Salvador appeared to contradict a recent agreement with the IMF to cease public investment in Bitcoin.
Nayib Bukele News
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El Salvador President Nayib Bukele says the country will keep buying at least one Bitcoin a day, despite pressure from the International Monetary Fund.
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El Salvador aims to become LATAM’s crypto Silicon Valley, but these aspirations hinge on better relations with US banks.
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El Salvador’s total Bitcoin stockpile has grown again and now stands at 6,068 Bitcoin, currently worth over $554 million.
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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.
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A shining example of Bitcoin adoption, Salvadoran President Nayib Bukele disappointed Bitcoiners this week and divided opinion over the asset’s local future.
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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.
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The expanding ranks of pro-Bitcoin presidents are boosting global optimism for crypto mass adoption.
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El Salvador joins the US, China, the UK, Ukraine and Bhutan as the only countries with Bitcoin holdings currently above 6,000 BTC.
11151 - New Year Special
From blockchain boosters to crypto critics, 2024 highlighted the champions and adversaries shaping the future of digital assets.
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El Salvador partners with Argentina to strengthen the digital assets industry, and has talks underway with over 25 nations for similar partnerships.
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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.
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El Salvador’s unrealized gains of more than $300 million on its Bitcoin purchases came as BTC broke through the $100,000 milestone price.
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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.
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According to a TIME Magazine correspondent, El Salvador President Nayib Bukele used Bitcoin to “change the narrative” on the country’s international perception.
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