Salvadoran President: Will Never Sell Bitcoin
President Nayib Bukele of El Salvador stated in a tweet that the country’s Bitcoin holdings have gained a profit of 40%, emphasizing that they will never sell Bitcoin. He also criticized the continuous reporting on losses during the bear market.
Bitcoin’s main source is our Citizen Plan, and of course, we will not sell. In the end, 1 BTC = 1 BTC, as it was when the market price was low, and it is the same now.
However, this highlights the fact that those popular authors, analysts, experts, and journalists who released false reports about El Salvador are now completely silent. Remember this the next time they publish false reports about our country.
Gold bug Peter Schiff: Sell and then talk about how much profit you made
Renowned gold supporter and Bitcoin critic Peter Schiff commented below the tweet, stating that Nayib Bukele should sell Bitcoin before talking about these profits.
Exchange Kraken stated:
You have a vision and persistence. Thank you for being a pioneer of Bitcoin and accelerating adoption!
Salvadoran Bitcoin holdings turn from losses to gains
In December of last year, Nayib Bukele quoted data from the Nayib Bukele Portfolio Tracker, stating that El Salvador’s Bitcoin holdings had turned from losses to gains. If we include the daily Bitcoin investments announced by Nayib Bukele, the total holdings have reached 2,849 coins.
Based on this data, the holdings are as follows:
Total holdings: 2,849 coins
Holdings value: $174 million
Average cost: $42,504
Profit from holdings: $53.36 million (approximately 44.07%)
However, these data can only serve as a reference, as all purchase data comes from Nayib Bukele’s tweets on social media. Whether he actually made the purchases, if the regular investments are real, and if the Bitcoin is still intact, seems to be known only to him.
(El Salvador finally profits from Bitcoin! Nayib Bukele violates the constitution but seeks re-election as president)
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Further reading
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