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  • Writer's pictureJamal Saafir

El Salvador’s President Bukele Says Country's Bitcoin Investment In Profit

Updated: Dec 7, 2023

According to a report from CoinDesk, the president of El Salvador shared on the X platform early Monday morning to note his country's Bitcoin investment is now in profit by more than $3 million upon Bitcoin's surge to the $42,000 range over the weekend.

"We have no intention of selling; that has never been our objective," he added. "We are fully aware that the price will continue to fluctuate in the future, this doesn’t affect our long-term strategy.”

Gleaned from public statements shared by Bukele, CoinDesk calculated that three weeks ago the country possessed approximately 2,744 Bitcoin at an average price a tad lower than $42,000 and was at a loss of about $16 million.

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