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Bitcoin-Trading President Likely Lost Money for El Salvador

  • Government’s process for buying Bitcoin is shrouded in secrecy
  • Nation’s Bitcoins worth 14% less than average acquisition cost
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El Salvador's Crypto Adoption Explained
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El Salvador’s President Nayib Bukele is probably the only head of state in the world who uses public funds to trade Bitcoin with his phone. 

So far, it appears he’s lost money. That’s because the process is shrouded in secrecy, though the country has bought at least 1,391 Bitcoins, based on what the 40-year-old Bukele has said on Twitter.