# @benzinga on Instagram

- **Type:** Image
- **Original URL:** https://www.instagram.com/p/DCM-rKsRCMD
- **Gondola URL:** https://gondola.cc/posts/24818192-benzinga-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/legacy-do/6e12f8eed11de23cb621c10f3553039f0cea3f668ae6453380a2cffcb27b67b9.jpg
- **Posted:** 2024-11-10T19:36:02.000+00:00
- **Account Owner:** Benzinga | News That Moves (@benzinga) — https://gondola.cc/benzinga

## Caption

El Salvador, the first nation state to adopt Bitcoin as a means of payment, is up 81% on its investments, according to on-chain analysis.

Spotonchain data shows El Salvador’s strategic Bitcoin investments, led by president Nayib Bukele, have reaped gains of $24.54 million. Starting Nov. 18, 2022, the country purchased one bitcoin daily at an average price below $42,000.

El Salvador’s embrace of Bitcoin, recognized as legal tender since 2021, has positioned it as a leader in crypto adoption. Bukele’s initiatives included a proposal for a national Bitcoin bank just two weeks into his second term.

His ambitious “Bitcoin City” project, has attracted major investments like Yilport Holding’s $1.6 billion in the country’s seaports. This marks largest private investment in the nation’s history.

## Stats

- **Views:** 0
- **Likes:** 3,367
- **Shares:** 0
- **Comments:** 37

## Credits

These are the roles credited on Gondola. Credits may be incomplete.
A brand, account owner, or featured person is not necessarily the creator.

| Name | Username | Profile | Role |
| --- | --- | --- | --- |
| Benzinga | News That Moves | @benzinga | https://gondola.cc/benzinga | Brand |
| Jacob Shipley | @okcmayor | https://gondola.cc/okcmayor | Director of Social Media |

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