El Salvador's Bitcoin holdings have soared past $760 million as the cryptocurrency surpassed $122,000. With over 6,237 BTC, the nation's reserves are now considerably more valuable than their estimated cost of $42,000 per unit, which has nearly tripled since they began accumulating Bitcoin. President Nayib Bukele's administration has actively supported the use of Bitcoin since it was made legal tender in 2021, despite facing criticism from international institutions like the IMF. Bukele remains defiant against external pressures and continues to increase the country's BTC holdings. Experts suggest that Bitcoin should be considered by sovereign nations as a part of their long-term strategic reserves, underpinning the opportunity for value accumulation over time. As Bitcoin's price approaches new highs, market watchers are keenly observing the momentum, with predictions indicating further potential increases if it maintains its upward trajectory.

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