Bitcoin Investments in El Salvador Have Accumulated Losses of About $40 Million

It is estimated that the cumulative loss ofBTC 3.40%-news/"> Bitcoin investments in El Salvador has now reached about 40 million US dollars. That’s a little more than the interest the country will pay on its next foreign debt repayment.

In total, the government of El Salvador’s President Bukeley spent about $105 million on Bitcoin. Bitcoin has fallen 45% since its initial purchase, reducing the value of its 2,301 Bitcoin holdings to about $66 million.