El Salvador President Nayib Bukele made a statement in November 2022 and said that they would start buying 1 Bitcoin every day.
The El Salvador government, which started investing in cryptocurrencies before this date, was already at that point to 2,381 Bitcoins had. Their average cost per unit was approximately $44,300.
At the time of Bukele’s statement in November 2022, Bitcoin was approximately from $19,000 was traded and the government’s Bitcoins were approximately $60 million was in deficit.
Bukele later did not make a statement about how much Bitcoin they bought, and it is not known exactly how much Bitcoin the country has.
El Salvador’s real response after Bukele’s statement 1 Bitcoin every day The total amount of Bitcoin held by the government, assuming it receives 2,744 It is possible. Due to the median price of Bitcoin over this time, the country’s average cost per unit is approximately to $41,800 falls.
Judging by Bitcoin’s current price of approximately $37,000, El Salvador’s Bitcoins approximately 14 million dollars in loss It can be predicted that.
It is a question mark how widely used Bitcoin, which is accepted as the official currency in El Salvador, is. According to central bank data, international travel to El Salvador in 2022 7 billion dollars in total money transfer at only 126 million dollars cryptocurrency was used.