This time I want to talk about one of the investments that has brought more controversy in recent years, in terms of investment and, this because it is a government investing in the public light in the cryptocurrency queen of this market, the Bitcoin, many were the detractors of such action, especially when this crypto asset left the bullish price in 2021 and fall into a period of low prices or the known crypto winter.
Everything seemed dark for the government of El Salvador presided by Nayib Bukele, however, this president constantly offered his opinion on the matter, saying that it was all a matter of time, and of course, time has proven him right, according to publicly known data this Caribbean country managed to acquire a little more than 5,700 Bitcoin, of course, not all at the same price, one at a higher value than another, but today the current price of Bitcoin offers very good returns on such investment.
One of the main actions of this president was to make Bitcoin legal tender in his country, I think that constancy always rewards people who believe in their actions even though there are others who want the opposite, Bukele is one of the political figures that in recent years has given enormous credibility to the Bitcoin project, maybe his youth allowed him to believe in this project that now rewards his confidence.
This country last year managed to acquire Bitcoin with prices around 19 thousand dollars obtaining gains above 250% today, we can say that it was about 3 years that lasted the bitcoin cycle to return to its current value, even without having given the Halving and this crypto asset has already exceeded several times its historical maximum price of 2021 which was around 69 thousand dollars, now established it with a value above 73 thousand dollars.
Many people on this planet already have great profits due to their investment in Bitcoin, although there is still a long way to go for this digital crypto asset as the rest of the existing cryptocurrencies in the crypto universe in terms of high prices, where our Hive is waiting for its bullish run.
Until another opportunity my dear friends.