Cryptocurrency Q&A
How much did El Salvador spend on Bitcoin in 2021?
How much did El Salvador spend on Bitcoin in 2021?
Eleonora
Wed Jan 29 2025
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6
answers
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I am curious about El Salvador's investment in Bitcoin last year. Specifically, I want to know the total amount they spent on purchasing Bitcoin in 2021.
6 answers
Elena
Fri Jan 31 2025
In 2021, the government of El Salvador embarked on a significant financial venture.
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benjamin_doe_philosopher
Fri Jan 31 2025
They initiated the purchase of bitcoin, marking a bold move into the cryptocurrency market.
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SamsungShineBrightnessRadiance
Fri Jan 31 2025
Between September 2021 and January 2022, the government allocated approximately $85.5 million to acquire bitcoin.
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GinsengBoostPowerBoost
Fri Jan 31 2025
This investment was part of a larger strategy to adopt bitcoin as a legal tender alongside the US dollar.
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Leonardo
Thu Jan 30 2025
However, the value of Bitcoin experienced a downturn starting in November 2021.
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