The crypto money market, which has provided great gains to investors last year, has been spending its last months in a very shocking way. While this process greatly affected investors who have just entered the market, one issue in particular about cryptocurrencies was a source of curiosity: How much has El Salvador suffered from its investments in Bitcoin?
Adopting Bitcoin as its official currency in September 2021, El Salvador managed to profit from the cryptocurrency in the first place. However, El Salvador, which has invested tens of millions of dollars to date, naturally lost its investment with the fall of the market. This damage was immeasurable.
How much has El Salvador lost from Bitcoin?
This loss was quite simple to follow, as El Salvador President Nayib Bukele posts on his Twitter account every time the country buys Bitcoin. So much so that a website was created where you can see El Salvador’s Bitcoin portfolio.
According to the data on the website “Nayib Bukele Portfolio Tracking”, El Salvador has suffered a loss of 57% from its $375 million investment to date. While El Salvador had 2,381 Bitcoins, the total money spent on them was 107 million 155 thousand dollars. The current value of these Bitcoins is equivalent to 45 million 585 thousand dollars.
25376
