After Bitcoin (BTC) recently went past the $100,000 milestone, El Salvador President Nayib Bukele took to social media to bask in the glory of a gamble his country made in 2021.

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

When the world’s largest digital asset by market capitalization hit the highly anticipated milestone, it pushed the value of El Salvador’s BTC portfolio beyond $600 million, a staggering 123.67% return on its $269.7 million investment.

Bitcoin’s Historic Breakthrough

On December 5, President Bukele took to X to showcase the national crypto holdings, revealing an unrealized profit of $333.6 million.

https://t.co/QVvFbQ7woa pic.twitter.com/WiOAYg6Ztx

— Nayib Bukele (@nayibbukele) December 5, 2024

The post sparked a wave of reactions online, with users praising Bukele’s foresight in adopting Bitcoin. Billionaire Elon Musk, who has been chosen by U.S. President-elect Donald Trump to co-head the new Department of Government Efficiency (D.O.G.E.), called the achievement “impressive,” while others hailed the move as “legendary” with potential long-term benefits for El Salvador.

However, since attaining an all-time high (ATH) price of $103,679, Bitcoin has retreated to around the $98,000