Bitcoin Makes Huge Statement at $100k for El Salvadorians
SPOTLIGHT EL SALVADOR
I remember when El Salvador started buying Bitcoin like it was yesterday, I remember when the IMF threatened to withdraw supports and sponsorships, I remember how the media came out to say the president Nayib Bukele was mismanaging the country’s funds,
I remember when critics confidently declared that Bitcoin would drag El Salvador into financial ruin. Yet, here we are, with the nation now proudly holding 6,000.77 BTC, a treasury worth over $569 million at current prices.
Despite the skepticism and global pressure, El Salvador stayed the course, doubling down during market corrections and proving the naysayers wrong.
What we’re witnessing is a nation that chose innovation over intimidation. The gradual accumulation, as shown in the balance history chart, reflects a strategic approach, not reckless spending. Over the past 30 days alone, 53 BTC have been added to the treasury, worth over $5 million.
What a time to be a Bitcoin believer. I wonder if other Nation states are taking notes, or doing more than taking notes
because this is no longer just an experiment it’s a blueprint.
El Salvador has turned itself into a case study for financial resilience, showing how a small nation can break free from the grip of traditional financial institutions and chart its own path. Many have called it reckless, but history might call it revolutionary.
2025 The Year Of Conviction Plays
2025 is shaping up to be the year that will test the mettle of every Bitcoin believer. For years, we’ve heard it all, Bitcoin will crash, Bitcoiners are irresponsible and look homeless, Bitcoin investors are lazy and are after quick money, it kept on coming.
Yet, despite the noise, Bitcoin continues to defy negative expectations. When El Salvador started its Bitcoin journey, it was a statement of belief in the power of decentralization and the inevitability of change.
Those who mocked them, who wrote off Bitcoin as a “passing fad,” are now watching in disbelief as the country’s treasury grows steadily.
As we step into 2025, all eyes are on Bitcoin’s performance. The signs of a major breakout are everywhere, global adoption is on the rise, institutional interest is stronger than ever, and the macroeconomic environment is tilting toward Bitcoin’s favor.
After $100k Bitcoin
After Bitcoin crosses $100k, what’s next? $250k? $1M? Does it matter?
The real question is, how many will have the conviction to stay in the game? Bitcoin’s rise will not be a straight line. Volatility will persist and critics will undoubtedly resurface during corrections. But the believers, the HODLers, the nation-states like El Salvador, and the institutions quietly accumulating—are playing the long game.
Its all good for Alts
It’s all good for alts bro, Hive is in a very good place, after venturing for months into a totally different space where “utility” isn’t really appreciated, I can clearly see the role it plays and why it’s needed.
If you’re going to mention 5 blockchains with Utility, hive has to be among them. This is where inleo also comes in, economically speaking, it’s my number 1 bag as we speak, based on its soundness.
And Ofcourse SIGMA, as you may already know, for the reason’s fore stated.
This is not my yearly round up post though. Look out for that one, my 2024 is probably the most transformational year of my life.
Thanks for reading.
Posted Using InLeo Alpha
After seeing bitcoin hit 100k, it would be difficult not to see any new bitcoin believer as trying to FOMO.
I personally have had a hard time understanding and believing the case utility for bitcoin, but every day seems to produce a reminder that a lack of education is no excuse.
Bitcoin is here to stay and one would either join the train or be left behind.
thank you coverts mich. you get it.
thank you very much.