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‘I Told You So’ — Nayib Bukele Gloats As El Salvador’s Bitcoin Bet Reaps $108 Million Profit

  • El Salvador's decision to make Bitcoin legal tender has resulted in a $108 million profit.
  • The country has been dollar-cost-averaging into Bitcoin since 2021 and currently holds 5,932 BTC worth $526 million.
  • Despite initial criticism from skeptics and warnings from the IMF, President Bukele's Bitcoin gamble proved profitable.
  • While adoption among Salvadorans has been sluggish, crypto enthusiasts expect other countries to follow El Salvador's lead.

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