El Salvador's President Nayib Bukele Down Nearly 8% on Bitcoin Investment
El Salvador's President Nayib Bukele, who was a strong supporter of Bitcoin during the 2021 bull market, announced last year that the country would add one Bitcoin a day to its balance sheet. However, he has faced criticism for being reckless with the investment. According to NayibTracker, which tracks his Bitcoin purchases, Bukele is down nearly 8% on his investment of 3,120 BTC. Despite this, Bukele has been successful in improving security in the country and attracting foreign investment.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Rollblock, Uniswap and Dogecoin Soar as Crypto Adoption in Developing Nations Thrives
UK cryptocurrency ownership reaches 12% as FCA acts
Trump aims to make CFTC lead regulator for $3T crypto market
Uniswap offers $15.5M bug bounty ahead of v4 launch