CCT - Crypto Currency Tracker logo CCT - Crypto Currency Tracker logo
coinpedia 2024-12-20 03:36:44

El Salvador Adds $1M Worth of Bitcoin to Its Reserve

The post El Salvador Adds $1M Worth of Bitcoin to Its Reserve appeared first on Coinpedia Fintech News El Salvador has added 11 Bitcoins worth $1.07 million to its Strategic Bitcoin Reserve, increasing its total to 5,980 BTC. The purchase, made at 8:07 AM UTC+8, aligns with the nation’s strategy to leverage cryptocurrency for economic growth and financial inclusion. While supporters view Bitcoin as a hedge against inflation, critics highlight its volatility. Despite differing opinions, El Salvador remains committed to its Bitcoin reserve strategy, signaling confidence in the asset’s long-term potential and aiming to strengthen its global position in the cryptocurrency market.

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.