But as the cryptocurrency market cools, El Salvador investments are rapidly losing value – worth at least $50 million.
Since September 2021, the El Salvador government led by President Nayib Bukele has accumulated 2,301 bitcoins worth $103 million. Now they are worth about $ 51 million.
the broader crypto market, which increased rapidly During the pandemic, there has been a decline in recent months. bitcoin price on monday fell down $24,000, its lowest level since December 2020.
Nevertheless, Bukele suggested on Tuesday that his enthusiasm for the cryptocurrency has not waned.
Responding to an alleged remark by El Salvador’s finance minister that the drop represented only a small percentage of his national budget, Bukele tweeted“You’re telling me we should buy more #BTC?”