El Salvador profits more than US$100 million from the rise of bitcoin

by Andrea
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The president of El Salvador, Nayib Bukele, celebrated the rise of bitcoin| Photo: EFE/ Jeffrey Arguedas

Last Wednesday (13), bitcoin broke historical records and reached a price of US$ 92 thousand. The rise resulting mainly from the election of Donald Trump as president of the United States benefited El Salvador, which established cryptocurrency as the country’s official asset in 2021.

It is estimated that the country has reached a potential profit of over US$100 million with the record appreciation. On his profile on

A cryptoactive enthusiast, Bukele announced in July this year that he will invest US$500 million in electrical energy to power data centers that work on mining digital currencies. Combined with El Salvador’s renewable energies, which use hydroelectric and geothermal energy through volcanoes, the country attracts bitcoin miners and data center owners.

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