Core Viewpoint - The government of El Salvador has increased its Bitcoin holdings by over $100 million, signaling a potential bullish trend for Bitcoin as it recovers from a significant price drop [1][4]. Group 1: Government Actions - El Salvador's government has added 1,090 Bitcoins to its reserves, bringing its total holdings to 7,474 Bitcoins, valued at nearly $700 million at current prices [1]. - Despite an agreement with the International Monetary Fund (IMF) to limit new Bitcoin purchases, El Salvador continues to increase its Bitcoin reserves at a rate of at least one Bitcoin per day [2][3]. Group 2: Market Analysis - Analysts from Standard Chartered predict that Bitcoin will rebound and potentially exceed $100,000 by the end of 2024, despite recent price fluctuations [1][4]. - Bernstein emphasizes that the recent Bitcoin price drop is not indicative of a peak bear market but rather a phase of correction, with expectations of a new bull market emerging after establishing a bottom around $80,000 to $90,000 [5][6]. Group 3: Economic Context - Bitcoin has been recognized as legal tender in El Salvador since 2021, but its practical use remains limited, functioning more as a speculative asset than a mainstream currency [2][3]. - Local economists describe Bitcoin's role in the economy as a combination of nominal currency, digital policy experiment, and speculative asset, rather than a fully integrated legal tender [3].
?萨尔瓦多政府砸下逾1亿美元大举抄底! 比特币“超级大反攻”号角已吹响?
Zhi Tong Cai Jing·2025-11-19 07:41