El Salvador’s Bitcoin investments surge: Bukele confirms profit amid cryptocurrency rally

El Salvador's Bitcoin investments have proven lucrative, riding the wave of the recent cryptocurrency rally, as revealed by Nayib Bukele, the presidential candidate seeking re-election.

Bukele, who recently resigned from the presidency to focus on his campaign, revealed that the country's Bitcoin investments have seen an increase of 2.84 percent, translating into a gain of $3.6 million.

The rise in Bitcoin's value, which surpassed $42,000 on Monday, marked an extension of its impressive rally, with its value increasing by 150 percent over the year. El Salvador made history in 2021 by becoming the first country in the world to adopt Bitcoin as legal tender.

Nayib Bukele, a leading figure in Salvadoran politics, is currently leading the polls in the run-up to February's presidential election. His popularity is boosted by his tough stance on crime, particularly highlighted by the arrest of tens of thousands of suspected gang members.

If successful in the elections, Bukele would secure a second consecutive five-year term, with his inauguration scheduled for June.

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