El Salvador’s President Nayib Bukele, previously under scrutiny for his decisive Bitcoin move, recently stated on account X that the country’s Bitcoin investment has proven profitable.
Despite criticism, Bukele revealed a $3.62 million profit at the current BTC price, addressing those opposing the decision to adopt Bitcoin as legal currency.
“El Salvador’s Bitcoin investments prove to be profitable! Despite numerous articles and critiques projecting losses, calculated during past Bitcoin market conditions, selling our entire BTC investment at the current market price would not only recover 100% of our initial investment but also yield a $3.62 million profit.While we have no intention of selling our Bitcoins—selling was never our objective—we acknowledge the future price fluctuations. Our long-term BTC strategy remains unaffected by this volatility.It’s crucial for our critics to retract their statements. We invite them to acknowledge the new truth, apologize, or at least accept that El Salvador is now in a profitable position. True journalists should report this positive development, just as they reported our supposed losses.” – Nayib Bukele (@nayibbukele)
