“Bitcoin Fort Knox”: El Salvador Moves $411M in BTC to Cold Wallet

• El Salvador President Nayib Bukele introduces the country’s first Bitcoin Piggy Bank.
• The President announces the transfer of the country’s Bitcoin holdings to a transparent cold wallet.
• Prominent figures like Wayne Vaughan and Kale Abe acknowledge the project as El Salvador’s Bitcoin Fort Knox.

In a recent development, El Salvador President Nayib Bukele introduced the Central American country’s “first Bitcoin piggy bank.” President Bukele shared an X post on March 15, announcing that the country has decided to transfer a significant amount of its Bitcoin holdings to a cold wallet.

According to President Bukele’s X post, this wallet would be stored in a “physical vault” within El Salvador’s territory. He acknowledged the project as an “honest work.” The post read,

We’ve decided to transfer a big chunk of our Bitcoin to a cold wal…

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