{"id":49568,"date":"2022-06-14T01:42:43","date_gmt":"2022-06-14T01:42:43","guid":{"rendered":"https:\/\/harchi90.com\/el-salvador-loses-half-its-investment-in-bitcoin-as-crypto-plunges\/"},"modified":"2022-06-14T01:42:43","modified_gmt":"2022-06-14T01:42:43","slug":"el-salvador-loses-half-its-investment-in-bitcoin-as-crypto-plunges","status":"publish","type":"post","link":"https:\/\/harchi90.com\/el-salvador-loses-half-its-investment-in-bitcoin-as-crypto-plunges\/","title":{"rendered":"El Salvador loses half its investment in Bitcoin as crypto plunges"},"content":{"rendered":"
Are you a Bitcoin holder currently wallowing in despair seeing your crypto investment plunging off a cliff?<\/p>\n
Don’t worry. It can always be worse. You could be El Salvador.<\/p>\n
El Salvador’s president, Nayib Bukele, is a big crypto bro and he’s invested big into Bitcoin. And when I say he invested in Bitcoin, I mean the El Salvadorian taxpayers have invested in Bitcoin because that’s whose money he’s used to buy Bitcoin.<\/p>\n
As of June 13, 2022, El Salvador’s Bitcoin investments are worth roughly half<\/u> what Bukele paid. <\/p>\n \n<\/p>\n Tweet may have been deleted El Salvador doled out<\/a><\/u> more than $ 60,300 per Bitcoin in October 2021 when Buekele “bought the dip” and acquired 420 Bitcoins, the highest price per Bitcoin it paid. The lowest was just last month, on May 9, when Bukele once again<\/a><\/u> “bought the dip” and acquired 500 Bitcoins for more than $ 30,700 each.<\/p>\n The current price of Bitcoin is around $ 23,000 and continuing to fall. This means that as of now, every purchase was a loser. There wasn’t a single purchase made under the current value.<\/p>\n
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