- El Salvador’s Bitcoin investments, previously under scrutiny, have turned profitable.
- President Bukele reveals that if El Salvador sells its Bitcoin now, it would make a profit of $3,620,277.13.
- He challenges previous critics to reconsider their positions and calls for retractions, apologies, or acknowledgments.
El Salvador’s President Nayib Bukele took to X (formerly Twitter) to announce that the country’s much-debated Bitcoin (BTC) investments are now in the black. The post shows that the country’s Bitcoin investments defy the predictions of numerous critics and naysayers.
El Salvador's #Bitcoin investments are in the black!After literally thousands of articles and hit pieces that ridiculed our supposed losses, all of which were calculated based on #Bitcoin’s market price at the time…
With the current #Bitcoin market price, if we were to sell… pic.twitter.com/gvl2GfQMfb
— Nayib Bukele (@nayibbukele) December 4, 2023
For months, El Salvador faced a barrage of negative publicity, with various articles and opinion pieces on international media and publications questioning the wisdom of the nation’s move into Bitcoin. Critics often cited losses, basing…
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