Bitcoin-boosting Salvadoran leader asks for patience
— Might prove, Situation wednesday, Cryptocurrency legal tender last year, Half, Graph, Stop looking, Created, Congress, International organization, Zelaya said — 1 min read
Central American country’s Finance Minister Alejandro Zelaya said Wednesday, June 15, 2022, that El Salvador has not suffered financial losses from its controversial investment in bitcoin. The value of that investment in the currency, also known as “BTC," is now calculated to have fallen by over 57%, or around $61 million. President Nayib Bukele tweeted: “My advice: stop looking at the graph and enjoy life. If you invested in #BTC your investment is safe and its value will immensely grow after the bear market” El Salvador under Bukeles administration has spent about $105 million on Bitcoin, starting last September and paying an average of almost $46,000 per coin. In January, El Salvador rejected a recommendation by the International Monetary Fund to drop Bitcoin as legal tender. Source