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    Author Topic: El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻  (Read 54780 times)
    Just Common
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    October 08, 2025, 03:26:56 PM
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    El Salvador’s Bitcoin Reserve Could Surpass $800 Million as Market Momentum Builds.


    El Salvador is approaching another historic milestone in its Bitcoin journey, with its national reserve now valued at approximately $792 million—the highest level since the country began systematically purchasing the cryptocurrency in 2021. According to market tracker DropsTab, frequently cited by President Nayib Bukele, El Salvador’s portfolio currently includes 6,341 bitcoins.
    The surge reflects Bitcoin’s ongoing bullish trend. Over the weekend, BTC reached a new all-time high of $125,559 and remained steady near $125,337 on Monday, maintaining its position above previous records set in August. Over the last month, Bitcoin has climbed more than 12%, driven by growing institutional demand and favorable macroeconomic factors.
    Government purchases of Bitcoin have totaled around $300 million, according to DropsTab data, meaning the country’s unrealized profits are nearing $491 million. Analysts suggest that if current market conditions persist, El Salvador’s reserve could exceed $800 million in value within days, reinforcing its long-term digital asset accumulation strategy.

    The rally has been fueled by strong inflows into U.S. spot Bitcoin ETFs, which attracted $985 million last week alone. BlackRock’s IBIT ETF accounted for $340 million of that total, highlighting the accelerating institutional appetite for Bitcoin. Meanwhile, open interest in Bitcoin options has reached $80 billion, matching the futures market for the first time—a sign of growing sophistication and depth among professional investors.

    Renowned fund manager Paul Tudor Jones recently compared the current Bitcoin cycle to the technology boom of the late 1990s, calling the asset “a compelling hedge against macroeconomic risks and fiscal imbalances.”
    While short-term volatility remains possible, the combination of limited supply and record-breaking institutional demand continues to support a strong upward trajectory. For El Salvador, this market momentum not only boosts national holdings but also reaffirms its pioneering role as the first nation to adopt Bitcoin as legal tender and a long-term strategic reserve asset.

    https://elsalvadorinenglish.com/2025/10/06/el-salvadors-bitcoin-reserve-could-surpass-800-million-as-market-momentum-builds/
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