How much money has el salvador lost on bitcoin

how much money has el salvador lost on bitcoin

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PARAGRAPHT he cryptocurrency crisis, worsened key part of the narrative that Bukele is pushingboth of El Salvador-as a rejuvenated, innovative country, delivering new opportunities for young Salvadorans-and of.

And remittances from the U. Offers may be subject to change without notice.

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The current value of that investment is $ million, for a paper loss over 50%. The numbers are Reuters estimates, as the government does not. Figuring a current bitcoin price of $36,, El Salvador would now be sitting on a loss of about $16 million on its bitcoin holdings. Since. The volatile bitcoin price resulted in El Salvador's bitcoin investments having lost approximately US$45 million with a bitcoin balance worth about US$
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  • how much money has el salvador lost on bitcoin
    account_circle Akinoktilar
    calendar_month 15.07.2021
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  • how much money has el salvador lost on bitcoin
    account_circle Akikasa
    calendar_month 22.07.2021
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Can you buy crypto at 17

The experiment began with several bitcoin purchases by the Bukele government. The bitcoin experiment hasn't hurt the president's popularity either. To help facilitate national adoption, El Salvador launched a virtual wallet called "chivo" Salvadoran slang for "cool" that offers no-fee transactions, allows for quick cross-border payments, and requires only a mobile phone plus an internet connection. Bukele announced that the government would use sustainable geothermal energy for Bitcoin mining. Skip Navigation.