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The President of El Salvador, Nayib Bukele, recently highlighted that the country has earned more than US$300 million in profits thanks to its investment in Bitcoin. During a press conference, Bukele pointed out that those who decided to invest in the cryptocurrency at the right time have reaped the rewards of this decision. In addition, the president anticipated that 2025 will be a key year for the revaluation of Bitcoin, especially with the arrival of Donald Trump to the presidency of the United States.
Bukele said the Trump administration could have a significant impact on the Bitcoin ecosystem, pointing out that the creation of a reserve of this cryptocurrency in the North American country could generate an exponential revaluation. According to the president, this change of leadership in the US will bring benefits for both Bitcoin and the economies that have adopted its use, such as El Salvador.
On another related topic, the president also referred to the advances in El Salvador’s risk rating, noting that rating agencies, such as Fitch Ratings, have upgraded the country’s rating. This positive change has directly influenced the strengthening of salvadoran banks, which have seen a rebound in their ratings, which could improve financial stability in the country.
The improvement in the international perception of the salvadoran economy has been attributed to the economic policies promoted by Bukele, among which the adoption of Bitcoin as legal tender in the country stands out. Despite initial criticism, the president has defended his strategy, assuring that it has brought tangible benefits and improved confidence in the national economy.
With the expectation of continued growth in the value of Bitcoin, El Salvador remains at the forefront of cryptocurrency adoption. Meanwhile, the salvadoran government continues to closely monitor movements in the global markets, with the hope that the coming years will consolidate the country as a benchmark in the use of Bitcoin and in improving its economic stability.
