El Salvador now holds a total of 5,750 BTC worth around $354 million.

The bear market from 2022 to 2023 intensified scrutiny, with many questioning President Nayib Bukele’s actions. However, Bukele doubled down on his Bitcoin bet by announcing that the country would buy one BTC every day.

Bukele handily won the 2024 El Salvador presidential election with widespread support nationwide.

Since 2021, global organizations such as the World Bank and others have heavily criticized the Central American nation for adopting Bitcoin.

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