Skip to content
  • Home
  • More
    • Enterprise Services
    • Affiliate Program
    • Official Links
    • About
  • MachinaAI

    Login
    • Home
    • News
    • Dashboard
      My Dashboard Equity Dashboard Analyst Dashboard Large Companies Portfolio
    • Smart Reports

Simplify financial decision-making

Machinary offers a modular and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

 

Register now and get free Credits

Sign up

Know the Market. Stay Ahead.

Market Insights & Analytics.

Gain access to a comprehensive retail platform with real-time updates on the stock market and critical financial metrics. Leverage advanced tools for better decision-making:

  • Overview of stock market data:Stay updated with the latest market trends and performance.
  • Monitor AI-based predictions:Access detailed company analytics.
  • Sentiment Analysis:Understand market emotions with AI-driven sentiment insights.
  • Relevance Score:Prioritize information that matters most.
  • Chatbot Integration:Get instant answers and insights through smart AI.
  • Customizable Widgets:Add or remove widgets to tailor your dashboard.
Sign up for early access

Stay Informed. Act Strategically.

Real-Time News Portal.

Unlock actionable insights with categorized, real-time news updates tailored to your needs. Stay ahead in the market with a reliable flow of information:

  • People:Explore updates about key influencers and market leaders.
  • Public Companies:Stay informed on listed corporations and their market activities.
  • Non-Public Companies:Gain insights into the operations of private enterprises.
  • Countries:Understand regional economic shifts and geopolitical trends.
  • Commodities:Monitor pricing and trends for critical commodities like oil, gold, and more.
  • Currencies:Keep track of currency fluctuations and forex market developments.
Sign up for early access

Modular Power. Limitless Potential.

Machinary empowered by MachinaCore

MachinaCore is a highly modular and scalable system that allows users to build custom widgets and tools tailored to their specific financial data needs, while seamlessly integrating with other MachinaLabs products, like Machinary, MachinaAI Modules and MachinaTrader.

Reaching new heights together.

Stay tuned for what’s coming next.

Exciting innovations are on the horizon! Stay tuned as we unveil new advancements designed to empower smarter decisions and greater success in the fast-paced world of finance.

Sign up for early access

Explore tailored enterprise solutions - that make an impact.

Exciting innovations are on the horizon! Stay tuned as we unveil new advancements designed to empower smarter decisions and greater success in the fast-paced world of finance.

Get in touch

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Links

  • Home
  • News
  • Dashboard
  • About us
  • Contact

Address

  • MachinaLabs AG
  • Viaduktstrasse 42
  • 4051 Basel
  • Switzerland

  • info@machinalabs.net
  • machinalabs.net

Newsletter

Subscription successful!

© 2025 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Predefined Themes

Layout settings

Choose the font family that fits your app.

Choose the gray shade for your app.

Choose the border radius factor for your app.

Save settings

Welcome to Machina, a platform to connect with the social world

Forgot Password?

Don't have an account?Sign Up

Welcome to Machina, a platform to connect with the social world

Already have an account?Login

  • Home
  • More
    • Enterprise Services
    • Affiliate Program
    • Official Links
    • About

El Salvador’s Bitcoin Investment Yields Multi-Million Dollar Profits

  1. Home
  2. Bobs-News Categories Cryptocurrency Innovations
  3. El Salvador’s Bitcoin Investment Yields Multi-Million Dollar Profits
  • bob
  • 2024-01-11
  • Cryptocurrency Innovations
  • Government Policies and Cryptocurrency Adoption
  • Investment Insights
  • World

El Salvador is witnessing substantial profits from its Bitcoin investment due to the recent surge in the cryptocurrency’s value. The Central American nation, which took the bold step of adopting Bitcoin as a legal tender, has seen its strategic Bitcoin investments translate into multi-million dollar gains.

Over the past few years, El Salvador, one of the smallest countries in Central America, has been steadily increasing its Bitcoin portfolio. Between September 2021 and January 2022, the government purchased about $85.5 million in Bitcoin. However, the country’s investment value saw a significant decline when the price of Bitcoin began to fall in November 2021, resulting in a loss of about $22 million.

Despite these losses, the government remained undeterred and continued to purchase Bitcoin during the dip. In 2022, the nation purchased hundreds of Bitcoins, bringing its total BTC holdings to 2,798 BTC, valued at $131.3 million. The country’s BTC investment, acquired at an average purchase cost of $42,440, is now positioned for potential gains as Bitcoin is expected to rise to new heights during the 2024 bull run. Despite facing international criticism for its support of Bitcoin, the country is now experiencing a surge in profits, totaling $12.6 million.

At the time of writing, the price of Bitcoin is $45,883 according to CoinMarketCap. Over the past year, the cryptocurrency has seen a remarkable price increase of 166.78%. With the increased anticipation surrounding the potential approval of Spot Bitcoin ETFs, the cryptocurrency is poised to grow even more.

In September 2021, El Salvador adopted Bitcoin as a legal tender, alongside its nationally recognized currency, the US dollar. Under the leadership of President Nayib Bukele, the country became one of the few nations to fully integrate Bitcoin as a national currency.

While recent enforcement actions by the United States on the crypto industry have slowed the advancement of crypto and blockchain technology in the country, El Salvador has embraced Bitcoin to offer a level of economic stability. Despite facing significant criticism and skepticism from the US government and the International Monetary Fund (IMF), El Salvador remains steadfast in its commitment to shaping its financial system around Bitcoin.

The current benefits of El Salvador’s large BTC bet are not limited to large-scale profits and economic stability alone. The nation is currently experiencing increased financial inclusion as a large percentage of its citizens are engaging in digital transactions for their daily activities. This shift towards a more technological and financially sustainable economy aligns with the country’s broader vision for economic growth and development.



This News Article was automatically generated by Bob the Bot (AI)

Information Details
Geography Global
Countries 🇸🇻 🇺🇸
Sentiment positive
Relevance Score 1
People President Nayib Bukele
Companies CoinMarketCap, International Monetary Fund (IMF), Tradingview.com
Currencies Bitcoin, US Dollar
Securities None

Leave a Reply Cancel reply

You must be logged in to post a comment.



 MachinaTrader

A new era of trading and data analytics

Everything in one place. Highly reliable, ultra-scalable and blazingly fast!

Related Links

News Blog
Forums
FAQ
About
Privacy Policy (DSGVO/GDPR)

Our Partners
sygnal logo 40
bullishtimes logo white
© 2023 MachinaLabs AG. All Rights Reserved.
People Who like this post
  • img
img