Digital Dinero: As Bitcoin Surpasses $100K, El Salvador Has Unrealized Profits Over $300M

After President-elect Donald Trump nominated the crypto crusader Paul Atkins as the next SEC Chair, Bitcoin rallied to its all-time high, surpassing $100K as other crypto stocks mimicked the upward momentum.  Shares of Coinbase (COIN) climbed on the open and have since tapered off however, the company is up over 110%, since the start of year.

Meanwhile, El Salvador is ready for a fiesta from the Bitcoin boom as the country has surpassed $300M in unrealized profits from its holdings capturing the attention of tech guru Elon Musk. El Salvador’s government intends to further integrate Bitcoin into its national economy. Director of the El Salvador Bitcoin Office Stacy Herbert stated, “So much hard work went into this success. And one day the story will be told about how a very small team of us made this happen.”