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Cryptopolitan

Cryptopolitan

Trump’s win boosts El Salvador’s Bitcoin holdings, but hurts president Nayib Bukele’s economic plans

Cryptopolitan
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75% Informative

El Salvador's Bitcoin reserves are one of the government's few success stories.

President Nayib Bukele poured millions into buying Bitcoin , built a $200 million trust fund to stabilize its value.

Since he took office in 2019 , El Salvador’s GDP growth has lagged behind neighbors, Guatemala and Nicaragua .