President Nayib Bukele announced more than $350 million in profit from the country's Bitcoin holdings.
The country aims to use the digital asset as a way to improve financial inclusion and foster economic growth.
As Bitcoin continues to conquer new heights, El
Salvador is celebrating. The tiny Central American nation was the first country
to embrace Bitcoin as legal tender, a move that was met with mixed reactions.
The country’s President Nayib Bukele recently gave an update about the gains from
this controversial economic strategy.
Early this month, Bitcoin soared past the historic
$100,000 mark, bringing a windfall to the country’s holdings and silencing some
of its fiercest critics.
President Nayib Bukele Celebrates
President Bukele, the face behind this strategy, marked the milestone by sharing El Salvador’s reported gains of over
$350 million, a number that highlighted the risky yet potentially rewarding
nature of his Bitcoin experiment.
Bitcoin’s latest rally began after Donald Trump’s U.S. election victory in recent weeks, further boosted by the nomination of
crypto-friendly Paul Atkins for the SEC chair position.
On Monday, the cryptocurrency soared even further to a
new high of more than $106,000. The gains dramatically improved the value of El
Salvador’s Bitcoin portfolio, which the government reportedly began
accumulating in 2021.
In 2021, El Salvador made headlines by becoming the first country to make Bitcoin legal tender, a move that sparked intense debate.
Bukele argued that Bitcoin could boost financial inclusion, drive economic
growth, and lessen reliance on the U.S. dollar.
El Salvador's BTC Portfolio Chart, Source: dropstabcom
But the decision was divisive. Protesters filled the
streets, voicing concerns over Bitcoin’s notorious volatility and its
practicality as a medium of exchange. At one point in 2022, Bitcoin’s price plummeted to
under $17,000, deepening skepticism both domestically and internationally, APNews
reported.
Fast forward to 2024, and the narrative has shifted
dramatically. El Salvador’s Bitcoin holdings, once criticized as reckless, have
grown to more than $600 million in value.
Price Volatility
However, Bitcoin’s volatility remains a double-edged
sword. While El Salvador’s recent gains are impressive, the digital asset faces
volatility, and the investment could drop in value. Interestingly, Bukele has also proposed the creation of Bitcoin City. He described it as a futuristic, tax-free hub
powered by geothermal energy from the country’s volcanoes.
For now, Bukele continues to double down on his
Bitcoin dream. Earlier this year, he announced plans to move a significant
portion of El Salvador’s Bitcoin assets to a cold wallet stored securely within
the country’s borders.
Additionally, strained relations with the International Monetary Fund (IMF) have reportedly left El Salvador without a
quick solution to its cash shortages. Despite these concerns, Bukele views Bitcoin as a
long-term asset capable of transforming El Salvador’s financial future and
reducing dependence on external aid.
As Bitcoin continues to conquer new heights, El
Salvador is celebrating. The tiny Central American nation was the first country
to embrace Bitcoin as legal tender, a move that was met with mixed reactions.
The country’s President Nayib Bukele recently gave an update about the gains from
this controversial economic strategy.
Early this month, Bitcoin soared past the historic
$100,000 mark, bringing a windfall to the country’s holdings and silencing some
of its fiercest critics.
President Nayib Bukele Celebrates
President Bukele, the face behind this strategy, marked the milestone by sharing El Salvador’s reported gains of over
$350 million, a number that highlighted the risky yet potentially rewarding
nature of his Bitcoin experiment.
Bitcoin’s latest rally began after Donald Trump’s U.S. election victory in recent weeks, further boosted by the nomination of
crypto-friendly Paul Atkins for the SEC chair position.
On Monday, the cryptocurrency soared even further to a
new high of more than $106,000. The gains dramatically improved the value of El
Salvador’s Bitcoin portfolio, which the government reportedly began
accumulating in 2021.
In 2021, El Salvador made headlines by becoming the first country to make Bitcoin legal tender, a move that sparked intense debate.
Bukele argued that Bitcoin could boost financial inclusion, drive economic
growth, and lessen reliance on the U.S. dollar.
El Salvador's BTC Portfolio Chart, Source: dropstabcom
But the decision was divisive. Protesters filled the
streets, voicing concerns over Bitcoin’s notorious volatility and its
practicality as a medium of exchange. At one point in 2022, Bitcoin’s price plummeted to
under $17,000, deepening skepticism both domestically and internationally, APNews
reported.
Fast forward to 2024, and the narrative has shifted
dramatically. El Salvador’s Bitcoin holdings, once criticized as reckless, have
grown to more than $600 million in value.
Price Volatility
However, Bitcoin’s volatility remains a double-edged
sword. While El Salvador’s recent gains are impressive, the digital asset faces
volatility, and the investment could drop in value. Interestingly, Bukele has also proposed the creation of Bitcoin City. He described it as a futuristic, tax-free hub
powered by geothermal energy from the country’s volcanoes.
For now, Bukele continues to double down on his
Bitcoin dream. Earlier this year, he announced plans to move a significant
portion of El Salvador’s Bitcoin assets to a cold wallet stored securely within
the country’s borders.
Additionally, strained relations with the International Monetary Fund (IMF) have reportedly left El Salvador without a
quick solution to its cash shortages. Despite these concerns, Bukele views Bitcoin as a
long-term asset capable of transforming El Salvador’s financial future and
reducing dependence on external aid.
Maduro’s Arrest Sparks Speculation: Is Venezuela Sitting on a Massive Bitcoin Reserve?
Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25
Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse
Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
Exness CMO Alfonso Cardalda on Cape Town office launch, Africa growth, and marketing strategy
Exness CMO Alfonso Cardalda on Cape Town office launch, Africa growth, and marketing strategy
Exness is expanding its presence in Africa, and in this exclusive interview, CMO Alfonso Cardalda shares how.
Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss:
- Exness’s marketing approach in South Africa
- What makes their trading product stand out
- Customer retention vs. acquisition strategies
- The role of local influencers
- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
Exness is expanding its presence in Africa, and in this exclusive interview, CMO Alfonso Cardalda shares how.
Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss:
- Exness’s marketing approach in South Africa
- What makes their trading product stand out
- Customer retention vs. acquisition strategies
- The role of local influencers
- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
