EddieJayonCrypto
15 Mar 24
html President Nayib Bukele of El Salvador recently introduced the Central American country’s “first Bitcoin piggy bank,” announcing the transfer of a significant amount of its Bitcoin holdings to a cold wallet. According to a screenshot shared by Bukele, the country has already transferred 5,689.68...
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President Nayib Bukele of El Salvador recently introduced the Central American country’s “first Bitcoin piggy bank,” announcing the transfer of a significant amount of its Bitcoin holdings to a cold wallet.
According to a screenshot shared by Bukele, the country has already transferred 5,689.68 BTC, worth $411 million, to the cold wallet. The move has received applause from prominent figures in the cryptocurrency industry, with many describing El Salvador’s cold wallet project as the country’s Bitcoin “Fort Knox.”
El Salvador was the first country to adopt Bitcoin as a legal tender in September 2021 and remains committed to the cryptocurrency. This move is seen as a significant development and has been widely praised for its transparency and strategic implications.
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