A Bitcoin update from El Salvador
A recent run-up of the price of Bitcoin has Nayib Bukele and all his supporters wanting to say "I told you so." The price of Bitcoin today is $65,335USD, up 26% from September 6, 2021 when El Salvador's Bitcoin law went into effect. In between those dates, however, the price had dropped below $17,000 in December 2022, increasing the skepticism around Bukele's Bitcoin gambit. Bitcoin price history since El Salvador Bitcoin law went into effect As the volatile price of Bitcoin started surging again beginning in November 2023, Bukele repetitively posted that he was " still waiting " for the critics of his Bitcoin strategy to admit they were wrong. Skeptics, myself included , wanted to see the actual financial records and evidence of income and expenses for the Bitcoin project. On March 14, 2024, Bukele went on X.com to post a screen shot showing 5690 BTC worth $406 million USD that day, being received at specific address on the blockchain. Bukele announ