{"id":4558,"date":"2024-02-28T13:10:00","date_gmt":"2024-02-28T13:10:00","guid":{"rendered":"https:\/\/latamreports.com\/br\/?p=4558"},"modified":"2024-02-28T19:12:17","modified_gmt":"2024-02-28T19:12:17","slug":"bukele-says-el-salvadors-bitcoins-have-40-profit-after-price-rebound","status":"publish","type":"post","link":"https:\/\/latamreports.com\/br\/bukele-says-el-salvadors-bitcoins-have-40-profit-after-price-rebound\/","title":{"rendered":"Bukele says El Salvador&#8217;s bitcoins have 40% profit after price rebound"},"content":{"rendered":"\n<p>The price of bitcoin reached $60,000 and is close to its historical mark reported in November 2021.<\/p>\n\n\n\n<p>El Salvador&#8217;s president, Nayib Bukele, said Wednesday that bitcoins purchased on behalf of the country would have a gain of 40 percent if they were sold at the current price of the cryptocurrency quotation, which in recent hours reached $60,000.<\/p>\n\n\n\n<p>&#8220;Now that the market price of bitcoin has risen a lot, if we sold, we would get a gain of more than 40 percent (only from purchases on the market), and our main source of BTC is now our citizenship program,&#8221; the president wrote in an English publication on his X account.<\/p>\n\n\n\n<p>The president again harassed analysts, experts and journalists who wrote &#8220;thousands of articles about our alleged losses&#8221; when the quote of bitcoin collapsed in the last two years.<\/p>\n\n\n\n<p>Bukele reiterated that El Salvador will not sell its bitcoins, acquired since the legal tender was adopted in September 2021.<\/p>\n\n\n\n<p>The Salvadoran government has not formalized how many bitcoins have been acquired with public funds, beyond the purchase publications shared by the president in his social media accounts. The portal<a href=\"https:\/\/nayibtracker.com\/\">nayibtracker.com<\/a>cited by officials on previous occasions, he points out that El Salvador has 2,848 bitcoins, which cost $121.03 million.<\/p>\n\n\n\n<p>At the current price of quote, these bitcoins are worth $176.6 million, a 45.9 percent higher.<\/p>\n\n\n\n<p>The price of bitcoin came close Wednesday to its historic peak by surpassing the $60,000 barrier, its best performance in two years. At 11:30 a.m., the listing was still on the rise at $61,748 and is approaching its $69,000 reported in November 2021.<\/p>\n\n\n\n<p>The increase stems from the market&#8217;s enthusiasm for the index fund (ETF) to bitcoin, which allows investors to make profits from the cryptocurrency without having to buy directly.<\/p>\n\n\n\n<p><strong><em>This article has been translated from the original which first appeared in <\/em><\/strong><a href=\"https:\/\/diario.elmundo.sv\/economia\/bukele-asegura-que-los-bitcoins-de-el-salvador-tienen-un-40-de-ganancias-tras-repunte-de-precio\"><strong><em>Diario El Mundo<\/em><\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The price of bitcoin reached $60,000 and is close to its historical mark reported in November 2021. El Salvador&#8217;s president, Nayib Bukele, said Wednesday that &#8230; <a title=\"Bukele says El Salvador&#8217;s bitcoins have 40% profit after price rebound\" class=\"read-more\" href=\"https:\/\/latamreports.com\/br\/bukele-says-el-salvadors-bitcoins-have-40-profit-after-price-rebound\/\" aria-label=\"Read more about Bukele says El Salvador&#8217;s bitcoins have 40% profit after price rebound\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":4559,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[13],"tags":[17],"class_list":["post-4558","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-politica","tag-el-salvador","resize-featured-image"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Bukele says El Salvador&#039;s bitcoins have 40% profit after price rebound - LatAm Reports<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/latamreports.com\/br\/bukele-says-el-salvadors-bitcoins-have-40-profit-after-price-rebound\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bukele says El Salvador&#039;s bitcoins have 40% profit after price rebound - LatAm Reports\" \/>\n<meta property=\"og:description\" content=\"The price of bitcoin reached $60,000 and is close to its historical mark reported in November 2021. 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