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Analysis: El Salvador’s President Nayib Bukele likely lost ~ $ 10 million on his bitcoin purchases, after spending $ 71 million on 1,391 BTC at an average price of $ 51,056 (Michael D McDonald / Bloomberg) | Latest News Headlines

Analysis: El Salvador’s President Nayib Bukele likely lost ~ $ 10 million on his bitcoin purchases, after spending $ 71 million on 1,391 BTC at an average price of $ 51,056 (Michael D McDonald / Bloomberg)


Michael D McDonald / Bloomberg:

Analysis: El Salvador President Nayib Bukele probably lost ~ $ 10 million on his bitcoin purchases, after spending $ 71 million on 1,391 BTC at an average price of $ 51,056– – The government’s process to buy Bitcoin is shrouded in secrecy – The nation’s Bitcoins are worth 14% less than the average acquisition cost


Jeoffro René

I photograph general events and conferences and publish and report on these events at the European level.

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