The President of El Salvador has shown his national portfolio that Bitcoin has hit $100,000.

After Bitcoin (BTC) recently passed the $100,000 milestone, the President of El Salvador, Naib Buquele, took to social media to honor his country's 2021 gamble.

Then, the small Central American nation gave cryptocurrency legal tender status and established a treasury that now holds almost six thousand BTC.

The world's largest digital asset by market capitalization pushed the value of El Salvador's BTC portfolio above $600 million as the world's largest digital asset reached a much-anticipated milestone.

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The historical discovery of Bitcoin

On December 5, President Buckele took to X to reveal the nation's crypto holdings, revealing an undisclosed profit of $333.6 million.

pic.twitter.com/WiOAYg6Ztx

— Naib Bukele (@naibbukele) December 5, 2024

The post sparked a flurry of reactions online, with users praising Buck's foresight in accepting bitcoins. Billionaire Elon Musk, handpicked by US President Donald Trump to lead the new Department of Government Efficiency (DOGE), called the achievement “amazing” while others hailed the move as “legendary” for its long-term potential. Benefits for El Salvador

However, after hitting an all-time high (ATH) of $103,679, Bitcoin retreated to around $98,000, reducing the value of El Salvador's stash to an impressive $556.4 million.

The country has been buying one BTC every day since 2022. By then, it has collected a total of 5,942 BTC, with President Bukele promising to increase the number until Bitcoin is “not redeemable for fiat currency.”

Despite the success, not all Salvadorans are reaping the rewards. According to a recent Associated Press report, many are choosing to cash in on the $30 BTC bonus offered by the government when digital wallets are introduced, rather than the potential benefits.

Additionally, critics such as El Salvador's former central bank chief Carlos Acevedo say the gains are impressive, but will not be realized until bitcoin is sold.

President Bukele blamed his political opponents for preventing citizens from accepting crypto, saying it cost many of them huge financial gains. He wrote on Facebook.

“Not only were the opposition very wrong on Bitcoin, but (they were wrong) on ​​many other issues this time around, their opposition struck a chord.”

The BTC “Trump Pump” continues to run

While Bitcoin is 5% off ATH, its recent meteoric rise has come against a backdrop of global events, including Donald Trump's election victory in November. The pro-crypto president promised optimism in the virtual currency market with policies aimed at maintaining and expanding the US government's BTC holdings.

Past $100,000 Trump's selection of crypto advocate Paul Atkins as the next chairman of the Securities and Exchange Commission (SEC) appears to be close to replacing the much-maligned Gary Gensler.