El Salvador’s Bitcoin Reserves Hit New Milestone: Over $620 Million

As the price of Bitcoin surges past $100,000, El Salvador’s government continues to solidify its position as a leader in Bitcoin adoption. With their reserves now exceeding $620 million, thanks to recent purchases of 30 BTC per month, the country stands poised to capitalize on the market rally. The nation’s unwavering commitment to Bitcoin is evident in the statements of Economy Minister María Luisa Hayem, who emphasizes its potential as a fiscal tool and investment magnet. Despite warnings from the IMF regarding volatile digital assets, El Salvador’s strategy persists, with President Nayib Bukele’s support for Bitcoin serving as a driving force.