El Salvador Has Lost $12M on Its Bitcoin Investment | CoinMarketCap

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El Salvador has been constantly buying the dip in recent months 💰 But it's made a substantial loss of $12 million as the value of its 1,391 BTC falls 😬

El Salvador has made a substantial loss on its Bitcoin investment over the past four months.

President Nayib Bukele has been aggressively buying crypto ever since adopting BTC as legal tender in September 2021. Sudden falls in Bitcoin's value have regularly been accompanied by Bukele declaring that the Central American country was "buying the dip" — and at the time of writing, it holds— but at the time of writing, this BTC is worth a mereMost acquisitions were completed when BTC was trading aboveUnfortunately, there's a lot we don't know when it comes to El Salvador's investment.

To compound the problem, the address where El Salvador's crypto is held isn't publicly known, making it difficult to track when buys and sells are made.

 

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should better el salvador buy Altcoins such as $LUNA , $FTM & $SUBME , then he get substantially profit if buy it . but it's not late to accumulate $SUBME that undervalued gems on PancakeSwap imo. many upcoming updates immediate to made a price reach ath

NAFTbooks

$Defido 100X investment

Because of this tweet other countries has changed their mind to make btc or cryptocurrency as a legal tender. Thanks coinmarketcap.

You have no integrity! Respect shib ! This coinmarkepuk has no integrity!!!

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Technically they have lost nothing they still hold 1391 btc

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