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A country is rewriting the history of cryptocurrency with concrete actions.
Salvador's official wallet now holds 7,514.37 Bitcoins — this is not the private stash of a wealthy individual, but the assets of the entire nation. Even more remarkable is their relentless purchasing pace this year: from January 1st to now, they have continuously bought 1,511 Bitcoins. In other words, this Central American country has made "bottom-fishing" a national strategy.
Converted at the current coin price, this holding is worth nearly 2 billion RMB. The number sounds a bit outrageous, but the logic behind it is very clear. Since 2021, El Salvador has incorporated Bitcoin as legal tender, and President Bukele is one of the most ardent Bitcoin advocates worldwide. Buying coins, building a "Bitcoin City," issuing volcano bonds... the entire ecosystem they are constructing has taken shape. This is not gambling; it’s a systematic bet.
Many market analysts are stunned by this drive. A country treating Bitcoin as strategic reserves from top to bottom is almost unique globally. Market observers jokingly say, "This country's execution in crypto trading is even more aggressive than in coffee planting."
The question is: is this visionary geopolitical financial planning, or a gambler’s reckless gamble?
Based on a holding cost of over $30,000, they have already gained a considerable unrealized profit. But the volatility of the crypto market is notoriously intense. With such a large position, even a 10% fluctuation can cause huge changes on paper. With no one able to fully predict the future, whether El Salvador’s gamble will ultimately pay off remains one of the most tense suspense points in the global investment community.
Regardless of the outcome, this small country has sent a signal to the market with real money: the narrative of Bitcoin’s value is moving from grassroots to the national level.