Nayib Bukele clarified that the profit from investing in bitcoins amounted to more than 40% plus the initial investment.
When #Bitcoin ’s market price was low, they wrote literally thousands of articles about our supposed losses.
Now that #Bitcoin ’s market price is way up, if we were to sell, we would make a profit of over 40% (just from the market purchases), and our main source of BTC is now our…
— Nayib Bukele (@nayibbukele) February 28, 2024
El Salvador invested in Bitcoin at an average price of $42,440, and with the current price of BTC over $62,000, unrealized gains exceeded $64 million. Even with such an increase in the price of the asset, the government is not going to sell it off, the head of the South American state assured.
Earlier, Vice President Felix Ulloa promised the citizens of El Salvador that they would maintain the course towards bitcoinization of the economy for the entire term of office of the recently re-elected president.