Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: Triedboy on July 02, 2022, 11:46:34 AM

Title: After Losing $60 Million in Bitcoin, El Salvador’s President Buys More
Post by: Triedboy on July 02, 2022, 11:46:34 AM

Nayib Bukele has spent another $1 million in Bitcoin, adding 80 BTC to El Salvador’s existing stash of 2,301 BTC.
"El Salvador bought today 80 BTC at $19,000 each," the Central American politician tweeted, "Bitcoin is the future, thanks for selling cheap," he said.

Prior to this latest announcement, Bukele had invested about $104 million to buy 2,301 BTC at an average price of $45,171, according to his own tweets. Yesterday, when Bitcoin fell to $19,000, El Salvador’s Bitcoin stash was worth $43,719,000, implying losses for the country of about $60.2 million.more information (https://decrypt.co/104275/el-salvador-president-nayib-bukele-more-bitcoin-after-losing-60m)