El Salvador’s Bitcoin Investments Turned Profitable, Bukele Says
- Central American nation made Bitcoin legal tender in 2021
- Bukele is running for reelection in elections in February
A woman purchases items at a store that accepts bitcoins in El Zonte, El Salvador.
Photographer: Marvin Recinos/AFP/Getty ImagesThis article is for subscribers only.
El Salvador’s Bitcoin investments turned profitable after the recent rally in the cryptocurrency, according to Nayib Bukele, who is running for reelection.
Bukele, who stepped down as president last week to focus on the campaign, said on X the country’s Bitcoin investments are up 2.84%, netting the country $3.6 million in profit. He said the government has no intention of selling its Bitcoin and will hold its position as part of a long-term strategy.