El Salvador's Bitcoin portfolio turns profitable with an unrealized gain of over $3.6 million, defying critics of the country's strategy. Despite heavy criticism and previous unrealized losses of $54 million, El Salvador continued to buy Bitcoin daily since November 2022. Citizens of El Salvador see Bitcoin as a source of financial education and empowerment for the unbanked population.

Nayib Bukele has lashed out at critics after El Salvador’s Bitcoin (BTC) investment showed an unrealized profit of over $3.6 million

El Salvador, the only country to accumulate Bitcoin, had a strong conviction on the asset class. The country’s portfolio turned profitable after holding the asset throughout the bear market as Bitcoin hit $42,000.

Nayib Bukele Demands Apologies from Critics El Salvador’s bold decision to make Bitcoin a legal tender received heavy criticism from the mainstream media and traditional finance institutions. Finally, Nayib Bukele, the President of El Salvador, wrote a post on X (Twitter), announcing that the country has unrealized profits of over $3.6 million. Bukele wrote:

“With the current Bitcoin market price, if we were to sell our Bitcoin, we would not only recover 100% of our investment but also make a profit of $3,620 277.13 (as of this moment).

Of course, we have no intention of selling; that has never been our objective. We are fully aware that the price will continue to fluctuate in the future, this doesn’t affect our long-term strategy.”