El Salvador has accumulated more than $30 million in profits by retaining bitcoin reserves, after becoming the first country in Latin America to adopt this digital currency in an initiative led by President Nayib Bukele since 2021.
Bitcoin , the most used cryptocurrency , soared this Wednesday, reaching November 2021 levels and exceeding $60,000 , after surpassing $57,100 the day before, which has generated profits for the Central American country.
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President Nayib Bukele of El Salvador told the Daily Caller News Foundation on Thursday that the United States needs to incarcerate criminals to stop the rise in violent crime, akin to his policies.
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El Salvador became the first country to adopt Bitcoin as legal tender Tuesday, allowing Salvadorans to use the cryptocurrency to purchase goods and services.
President Nayib Bukele officially announced the adoption of Bitcoin as a national currency in a press release late Monday, tweeting that the country had bought its first 400 bitcoins.
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