News/El Salvador's Bitcoin Portfolio May Have Lost about 58% of Its Value on Paper

El Salvador's Bitcoin Portfolio May Have Lost about 58% of Its Value on Paper

Sep 08,2022,17:03
El Salvador's Bitcoin portfolio may have lost about 58% of its value on paper. The public does not know exactly how much Bitcoin El Salvador is holding right now, as the government has not made this official data public. But based on the Bitcoin buys El Salvador's President Nayib Bukele has disclosed on Twitter since last September, the country has purchased 2,381 Bitcoins. If it is still holding onto all of those, El Salvador's portfolio would be down about 58% based on the average purchase price of the assets compared with current Bitcoin prices.
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