Now El Salvador Has 6.000 Bitcoins, How Much Are They Worth?

Bittime - El Salvador continues with its ambitious strategy to accumulate Bitcoin. Since making this crypto coin legal tender in 2021, the country has had 6,000 BTC. What is the approximate total value of Bitcoin in Rupiah? Check out the full review here!

El Salvador now has more than 6,000 Bitcoins (BTC). This number makes it the sixth country in the world to reach this figure, after large countries such as the United States (US), England and Bhutan.

This strategy is not just about buying crypto assets, but is part of Bukele's big vision to make El Salvador a leader in the global crypto industry. This step also attracted world attention, considering that many countries are still hesitant or even opposed to adopting Bitcoin as an official currency.

New Milestones in El Salvador's Bitcoin Stock

Source: NewsBTC

In the latest data, it is recorded that El Salvador has now succeeded in increasing their Bitcoin collection to reach 6,000.77 BTC. In the last 24 hours, the country even bought another BTC for $94,702 (around IDR 1.5 billion). 

This also increases the total amount of Bitcoin they own. Since the beginning of December, El Salvador has added around 50 BTC, with the most significant purchases occurring on December 20 and 22, buying 11 BTC each.

With the Bitcoin price currently at $95,030 (around IDR 1.5 billion), the total value of El Salvador's Bitcoin holdings currently reaches more than $570 million (around IDR 9.2 trillion). 

This figure is getting higher, considering that the price of Bitcoin reached its peak on December 17 2024, with a value of $108,135 (around Rp. 1.7 billion), which brought their Bitcoin value to $643 million (around Rp. 10.3 trillion).

Read also: Bitcoin Reserve: Understanding and Impact on the Global Economy

Strategies That Get Positive Results

Although at first many doubted El Salvador's decision to continue adding to its Bitcoin collection, in fact this decision proved to provide quite profitable results. 

Since first buying Bitcoin in September 2021, El Salvador has made a profit of $157 million (around IDR 2.5 trillion) from their Bitcoin investment. 

With the average price per BTC purchased at $45,465 (around IDR 732 million), the profits obtained are quite significant thanks to the extraordinary surge in Bitcoin prices in 2024.

However, even though the benefits achieved are quite large, this country also has to face challenges and skepticism from various parties. This includes international institutions such as the International Monetary Fund (IMF). 

In mid-December 2024, El Salvador reached an agreement with the IMF. This agreement was made to slow down Bitcoin purchases in order to maintain financial stability and ensure they can still get funds. 

But, despite these warnings, El Salvador continued with Bitcoin purchases and even purchased an additional 11 BTC a few days after the deal.

Read also: Free Bitcoin for You: These are 7 BTC Earning Games

Mass Depan Bitcoin El Salvador

Seeing the growing Bitcoin price trend, many analysts believe that the value of Bitcoin will continue to increase, and could even reach a high price of more than $150,000 (around IDR 2.4 billion) to $1 million (around IDR 16 billion) in 2025. 

If this projection proves accurate, then El Salvador's Bitcoin portfolio is predicted to continue to grow and generate even greater profits.

El Salvador's decision to continue adding to their Bitcoin reserves shows great confidence in Bitcoin's long-term potential as a global means of payment and store of value. 

As the first country to officially adopt Bitcoin, El Salvador has created a lot of attention and also set an example for other countries considering similar steps.

Read also: Bitcoin Price Prediction in 2025: Pay Attention to These Bullish and Bearish Views

FAQs About Bitcoin

What are Bitcoins?

Bitcoin is a form of digital currency that operates without intermediaries, using blockchain technology to ensure secure and transparent transactions. Compared to traditional currencies, Bitcoin is decentralized, meaning it is not managed by a central authority such as a bank or government.

Who developed Bitcoin?

Bitcoin was first developed by a person or group using a pseudonym Satoshi Nakamoto. In 2008, Nakamoto published a whitepaper explaining the idea behind Bitcoin and how the system could function. The Bitcoin project is built under an open source license from MIT.

What can be done with Bitcoin?

Bitcoin not only serves as a digital currency, but also as a tool to digitize and democratize the global financial system. 

How to Buy Crypto on Bittime

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Start with registration and identity verification, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!

Check the exchange rate BTC to IDR, ETH to IDR, SOL to IDR and other crypto assets to find out today's crypto market trends in real-time on Bittime.

Also, visit the Bittime Blog for interesting updates and educational information about the crypto world. Find reliable articles about Web3, blockchain technology, and digital asset investment tips designed to enrich your crypto knowledge.

Reference 

of Bitcoin, 6,000 Bitcoin And Counting: Inside El Salvador’s $569 Million BTC Strategy, accessed December 30, 2024.

NewsBTC, El Salvador Bitcoin Buying Spree Continues, BTC Holdings Now At 6,000, accessed December 30, 2024.

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