The President of El Salvador announced a striking initiative: depositing 1 Bitcoin every day into a cold wallet address until he can no longer afford it. This decision sparked heated debate and concern around the world. Let’s dive into the motivations behind this move, its impact, and where it might go from here.

At a time when digital currencies are surging, this move by the President of El Salvador is unique. By placing a fixed investment of 1 Bitcoin per day, he demonstrated his confidence and commitment to the long-term development of Bitcoin. This stable investment strategy not only reflects the optimism about Bitcoin as digital gold, but also an optimistic statement about the future of El Salvador’s economy.

El Salvador’s move also triggered people’s thinking on the legality and sustainability of digital currencies. As digital currency regulatory policies continue to evolve around the world, El Salvador’s approach may become a reference for other countries. This avant-garde digital policy initiative is expected to win more say for El Salvador in the global digital economy.

For individual investors, this move by the President of El Salvador also brings enlightenment. By investing a regular amount in Bitcoin, you can avoid risks caused by market fluctuations and achieve long-term wealth accumulation. This sound investment strategy is worth learning from, especially in the field of digital currency, where steady and steady investment is often the wisest choice.

However, it is worth noting that as a high-risk, high-return investment, Bitcoin’s price fluctuates greatly, which places higher requirements on investors’ risk tolerance. Therefore, when following the investment strategy of the President of El Salvador, investors need to carefully assess their risk appetite and financial situation to avoid unnecessary losses.

In general, the President of El Salvador’s daily deposit of 1 Bitcoin into a cold wallet not only demonstrates his confidence in Bitcoin and digital currency, but also provides new ideas and motivation for the development of the global digital economy. This avant-garde move is expected to lead the future development direction of the digital currency field and bring more opportunities and challenges to the global economy. Let us wait and see and witness the changes and miracles in the digital currency era!

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Coin Circle (120bTC.coM): President Bugle of El Salvador announced yesterday (15th) that the country had transferred 5,689 Bitcoins to a cold wallet in a domestic vault and disclosed the wallet address to demonstrate its commitment to Bitcoin and transparency. . This has been appreciated and supported by the crypto community, and the country’s cold wallets have received multiple donations, including rare satoshis, inscriptions, small Bitcoins…

 Daily fixed investment in BTC will continue until legal currency cannot be purchased

Today, Bugele made a further announcement on Until the burden is reached.

El Salvador’s plan to invest 1 Bitcoin every day was announced by Bugele on November 17, 2022. Since then, El Salvador has begun to purchase Bitcoins.

 Bitcoin position floating profit exceeds 62%

Currently, El Salvador holds a total of 5,690 Bitcoins with a total value of US$394 million. Data from Bitcoin browser Mempool shows that El Salvador purchased one Bitcoin for US$69,176 last night.

In addition, according to Nayib Tracker data, the average cost of purchasing Bitcoin in the country is US$42,640.97, with unrealized profits exceeding US$76.1 million, and a return rate as high as 62.3%.

El Salvador cold wallet

 El Salvador’s policy of embracing Bitcoin

In addition to the Bitcoin fixed investment plan, Buglei has also vigorously promoted a number of Bitcoin policies, including the launch of the investment citizenship program in December last year, where you can obtain a residence visa and citizenship by investing US$1 million in Bitcoin or USDT; and the issuance of 10 The USD 100 million Bitcoin Volcano Bond also received regulatory approval from the Digital Assets Commission (CNAD) in December last year and is expected to be issued in the first quarter of 2024.

In this regard, Tim Draper, the well-known venture capital godfather in Silicon Valley and founder of Draper Associates, recently attended a meeting hosted by cryptocurrency reporter Rachel
Podcast hosted by Wolfson Web3
DeepDive praised El Salvador’s embrace of Bitcoin, saying that Bitcoin is helping El Salvador grow and become a better country, and will determine the country’s destiny in the next few years: El Salvador may go from being the poorest to the poorest in 30 or 40 years. A country with the highest crime rate has transformed into one of the richest and most innovative countries in the world, and all of this has happened during the period of embracing Bitcoin.

Tim Draper predicts that if the price of Bitcoin reaches $100,000, El Salvador will be able to repay its debt to the International Monetary Fund (IMF) and will no longer need to deal with the IMF.