search
Homeweb3.0El Salvador announces a daily fixed deposit of 1 Bitcoin in the cold wallet address! President: Until we can't afford it

El Salvador announces a daily fixed deposit of 1 Bitcoin in the cold wallet address! President: Until we can't afford it

Mar 17, 2024 am 09:40 AM
BitcoincryptocurrencyusdtBitcoin Halvingcold walletBitcoin exchange rateBitcoin plungesBitcoin paymentFather of Bitcoinbuy bitcoin

El Salvador announces a daily fixed deposit of 1 Bitcoin in the cold wallet address! President: Until we cant afford it

This site (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 made it public. wallet address to demonstrate commitment to Bitcoin and transparency. This has been appreciated and supported by the crypto community. The country's cold wallet has received multiple donations, including rare satoshis, inscriptions, small Bitcoins...

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

Today, Bugele further announced on Until Bitcoin becomes unaffordable.

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 all the way.

Bitcoin holdings have a floating profit of more than 62%

Currently, El Salvador holds a total of 5,690 Bitcoins, with a total value of up to 394 million U.S. dollars. Data from Bitcoin browser Mempool shows that El Salvador last night Bought one Bitcoin for $69,176.

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 announces a daily fixed deposit of 1 Bitcoin in the cold wallet address! President: Until we cant afford it

##El Salvador Cold Wallet

El Salvador’s policy of embracing Bitcoin

In addition to the Bitcoin fixed investment plan, Buglei also vigorously promotes 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 US$1 billion Bitcoin Volcano Bonds, which were also obtained in December last year. Digital Asset Council (CNAD) regulatory approval, expected to be released 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 the podcast program Web3 DeepDive hosted by cryptocurrency reporter Rachel Wolfson. He praised El Salvador for embracing Bitcoin, saying that Bitcoin is Helping El Salvador grow and become a better country will determine its destiny in the coming years: El Salvador may go from being the poorest and most criminal country to the richest and most innovative country in the world in 30 or 40 years One of the most powerful countries in the world, and all of this 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.

The above is the detailed content of El Salvador announces a daily fixed deposit of 1 Bitcoin in the cold wallet address! President: Until we can't afford it. For more information, please follow other related articles on the PHP Chinese website!

Statement
This article is reproduced at:币圈子. If there is any infringement, please contact admin@php.cn delete
Fartcoin Eyes $1B Valuation as Cold Wallet Becomes the Best Crypto Wallet to Watch in 2025Fartcoin Eyes $1B Valuation as Cold Wallet Becomes the Best Crypto Wallet to Watch in 2025Apr 25, 2025 am 11:22 AM

The crypto market is back in the spotlight as tokens across categories rally on fresh macro optimism. Meme coins like Fartcoin are surging, posting triple-digit gains and overtaking long-standing projects like Floki and Dogwifhat.

5 Cryptos to Buy This Month: Qubetics ($TICS) is Rewriting the Rules of Engagement5 Cryptos to Buy This Month: Qubetics ($TICS) is Rewriting the Rules of EngagementApr 25, 2025 am 11:20 AM

Crypto doesn't stay quiet for long. One minute, it's all charts and chatter, and the next—it's making headlines again. April's been packed with action.

The Best Cryptocurrencies to Invest in Right Now (Updated for 2025)The Best Cryptocurrencies to Invest in Right Now (Updated for 2025)Apr 25, 2025 am 11:18 AM

It’s 2025, and crypto isn’t some niche side gig anymore. It’s in major headlines, on trading floors, and at the center of real conversations about freedom, finance, and innovation.

Stacks (STX) Coin Shows Signs of Recovery, But Will It Break the $1 Barrier or Face a Pullback?Stacks (STX) Coin Shows Signs of Recovery, But Will It Break the $1 Barrier or Face a Pullback?Apr 25, 2025 am 11:16 AM

The crypto market is always in motion, and the question on every trader's mind is what’s next?

Dogecoin (DOGE) Price Gained 2 Percent to Trade Around $0.1814Dogecoin (DOGE) Price Gained 2 Percent to Trade Around $0.1814Apr 25, 2025 am 11:14 AM

The Dogecoin's price rally has heavily been driven by the rising Futures Open Interest (OI). In the past two weeks, Dogecoin's OI surged from around $1.3 billion

Dogecoin (DOGE) Price Gained 2 Percent in the Past 24 Hours to Trade Around $0.1814Dogecoin (DOGE) Price Gained 2 Percent in the Past 24 Hours to Trade Around $0.1814Apr 25, 2025 am 11:12 AM

Dogecoin (DOGE) price gained 2 percent in the past 24 hours to trade around $0.1814

PEPE Shows Resilience Amidst Broader Market Cool Down, Maintaining Strength Above Key Support LevelsPEPE Shows Resilience Amidst Broader Market Cool Down, Maintaining Strength Above Key Support LevelsApr 25, 2025 am 11:10 AM

Despite a slight dip in the last 24 hours, the meme coin remains in a strong weekly uptrend, fueling optimism for a renewed push

New North Dakota Law Could Shield Bayer From Roundup Cancer LawsuitsNew North Dakota Law Could Shield Bayer From Roundup Cancer LawsuitsApr 25, 2025 am 11:08 AM

A new first-of-its-kind law enacted in North Dakota could shield agrochemical manufacturer Bayer from lawsuits claiming it failed to warn customers

Hot AI Tools

Undresser.AI Undress

Undresser.AI Undress

AI-powered app for creating realistic nude photos

AI Clothes Remover

AI Clothes Remover

Online AI tool for removing clothes from photos.

Undress AI Tool

Undress AI Tool

Undress images for free

Clothoff.io

Clothoff.io

AI clothes remover

Video Face Swap

Video Face Swap

Swap faces in any video effortlessly with our completely free AI face swap tool!

Hot Tools

SecLists

SecLists

SecLists is the ultimate security tester's companion. It is a collection of various types of lists that are frequently used during security assessments, all in one place. SecLists helps make security testing more efficient and productive by conveniently providing all the lists a security tester might need. List types include usernames, passwords, URLs, fuzzing payloads, sensitive data patterns, web shells, and more. The tester can simply pull this repository onto a new test machine and he will have access to every type of list he needs.

Dreamweaver CS6

Dreamweaver CS6

Visual web development tools

SAP NetWeaver Server Adapter for Eclipse

SAP NetWeaver Server Adapter for Eclipse

Integrate Eclipse with SAP NetWeaver application server.

SublimeText3 Linux new version

SublimeText3 Linux new version

SublimeText3 Linux latest version

SublimeText3 Mac version

SublimeText3 Mac version

God-level code editing software (SublimeText3)