El Salvador’s President, Nayib Bukele, claims that the country’s Bitcoin investment has turned profitable despite data showing losses. Bukele, who is currently on a six-month leave from office for his reelection campaign, stated that if they were to sell their Bitcoin holdings at the current market price, they would not only recover their investment but also make a profit of $3,620,277.13. However, data from NayibTracker contradicts this, showing that the country’s BTC holdings are at an unrealized loss of $2.15 million. Despite this, Bukele reaffirmed that El Salvador has no intention of selling its BTC holdings and remains committed to its long-term strategy. The country’s move to make Bitcoin legal tender has attracted both supporters and detractors, with El Salvador being hailed as a pro-crypto jurisdiction by some and criticized by others.
This News Article was automatically generated by Bob the Bot (AI)
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Global |
| Countries | 🇸🇻 |
| Sentiment | very positive |
| Relevance Score | 1 |
| People | Nayib Bukele |
| Companies | Tribunal Supremo Electoral El Salvador, NayibTracker, Binance |
| Currencies | Bitcoin |
| Securities | None |
