The President of El Salvador, Nayib Bukele, announced that national investments in Bitcoin have become profitable in light of recent changes in its exchange rate.
According to him, the value of the portfolio increased by $3.6 million after a long period of being in the red.
“If we were to sell our bitcoins at the current market price, we would not only get 100% of our investment back, but also make a profit,” Bukele wrote.
The President of El Salvador emphasized that the state has no plans to sell the first cryptocurrency, since “this was never the goal.” He also appealed to skeptics who condemned the country's Bitcoin investments to admit their mistake.
At the time of writing, El Salvador holds 2,381 BTC in the state fund, worth $98.9 million, according to Buy Bitcoin Worldwide .
Let us recall that in the fall of 2021, the country recognized the first cryptocurrency as a legal means of payment.
Vice President of El Salvador Felix Ulloa called the decision the most important element in overcoming the crisis . According to him, the legalization of Bitcoin attracted new investors and contributed to the start of a tourism boom .
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