Swan Bitcoin advisor Max Keiser explains why El Salvador is bullish on Bitcoin and discusses the potential impression of a Trump presidency on the crypto business on ‘Making Cash.’
President-elect Donald Trump congratulated bitcoin holders, and El Salvador’s President Nayib Bukele took a victory lap on social media in response to bitcoin surpassing $100,000.
“CONGRATULATIONS BITCOINERS!!! $100,000!!! YOU’RE WELCOME!!! Together, we will Make America Great Again!” Trump declared on Reality Social.
Trump, who positioned himself as a pro-crypto candidate through the 2024 election, pledged earlier this 12 months that if elected his administration’s coverage could be for the U.S. to retain all of the bitcoin it holds and all of the bitcoin it obtains going ahead.
“This will serve in effect as the core of the strategic national bitcoin stockpile,” Trump declared throughout remarks on the 2024 bitcoin convention in Nashville.
TRUMP CALLS FOR US TO BE ‘CRYPTO CAPITAL OF THE PLANET’ AT BITCOIN CONFERENCE IN NASHVILLE
Left: Republican presidential nominee, former President Donald Trump holds a marketing campaign rally on the PPG Paints Area on Nov. 4, 2024 in Pittsburgh, Penn.; Middle: On this photograph illustration, a visible illustration of the digital Cryptocurrency, Bitco (Left: Chip Somodevilla/Getty Photographs; Middle: Dan Kitwood/Getty Photographs; Proper: Tomas Cuesta/Getty Photographs)
El Salvador has been accumulating the cryptocurrency, and with bitcoin hovering to new heights, Bukele, an outspoken bitcoin bull who has presided over the nation’s embrace of the digital asset, is taking a victory lap.
He shared a screenshot of a greater than $603,000,000 portfolio, seemingly displaying off the worth of the nation’s bitcoin holdings.
The tweet earned a response from enterprise magnate Elon Musk, who wrote, “Impressive.”
Bukele shared the screenshot of the large portfolio in response to a publish from an X account known as “Autism Capital” that urged him to “Post the portfolio again,” including, “It’s time to dunk on the haters.”
BITCOIN HITS $100,000 FOR THE FIRST TIME EVER
President of El Salvador Nayib Bukele waves as he takes half in a wreath-laying ceremony to pay homage to Argentine nationwide hero Basic Jose de San Martin as a part of a go to to Argentina at San Martin sq. on Sept. 30, 2024 in Buenos Aires, Argen (Tomas Cuesta/Getty Photographs)
An X account known as “Salvadoran Pride” posted a gif of Hulk Hogan and wrote, “President Bukele asking the haters what they have to say about Bitcoin now.”
Bukele responded with an ear emoji.
Again in 2021, El Salvador grew to become the primary nation to undertake bitcoin as authorized tender.
EL SALVADOR TO KEEP DOLLAR AS LEGAL TENDER, SEEKS WORLD BANK HELP WITH BITCOIN
Bitcoin Basis Chairman Brock Pierce discusses his travels to El Salvador to assist information and inform the nation on making bitcoin a authorized tender.
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The Central American nation has been shopping for bitcoin for years. “El Salvador has just bought it’s first 200 coins,” Bukele tweeted in 2021.
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