Bitcoin

April

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President of El Salvador Nayib Bukele has taken to Twitter to share the recent news of the progress the country has been making after making the flagship <a href="https://u.today/bitcoin-price-hitting-700000-predicted-by-adam-back-within-year-or-two-details" rel="noopener noreferrer nofollow">cryptocurrency Bitcoin</a> its national currency.
Bukele proudly stated that the country’s investments in Bitcoin have made all the media that ridiculed this decision fall silent. Not only will El Salvador be able to cover all the funds it invested in BTC, it would also make a few million USD on top of that, should they sell all their Bitcoin now. But Bukele says they have no intention of selling.
Early Bitcoin investor and advocate Max Keiser moved to El Salvador to become the <a href="https://twitter.com/maxkeiser/status/1731578393487921239" rel="noopener noreferrer nofollow">senior Bitcoin advisor</a> to Bukele.
<h2 id="el-salvador-s-bitcoin-investments-are-in-the-black">"El Salvador's Bitcoin investments are in the black"</h2>
Bukele proudly stated that "El Salvador's #Bitcoin investments are in the black!" He explained that with the current price tag of Bitcoin, if El Salvador decided to sell all their BTC, they would "not only recover 100% of our investment but also make a profit of $3,620,277.13" (as of this moment).
Nayib Bukele reminded the community that when, three years ago, he decided to switch the country’s economy to Bitcoin-powered tracks and make BTC the national currency of El Salvador, there were thousands of articles that ridiculed their supposed losses on that investment.
<blockquote>
 El Salvador's <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> 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 <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a>’s market price at the time...With the current <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> market price, if we were to sell… <a href="https://t.co/gvl2GfQMfb" rel="noopener noreferrer nofollow">pic.twitter.com/gvl2GfQMfb</a>— Nayib Bukele (@nayibbukele) <a href="https://twitter.com/nayibbukele/status/1731653743668572498?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 4, 2023</a>
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The president emphasized that they have no intention to sell their BTC, and that has never been the goal. He added: “We are fully aware that the price will continue to fluctuate in the future, this doesn’t affect our long-term strategy.”
He believes that “the naysayers and the authors of those hit pieces” should take back their negative statements and “issue retractions, offer apologies, or, at the very least, acknowledge that El Salvador is now yielding a profit, just as they repeatedly reported that we were incurring losses.”
Earlier today, Bitcoin managed to <a href="https://u.today/unstoppable-rally-bitcoin-btc-price-finally-surpasses-40000" rel="noopener noreferrer nofollow">break above the $40,000 level</a> and hit $41,900 for the first time since April last year.

Bitcoin Investment Returns of El Salvador Skyrocket, President Claims

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