It is estimated that the cumulative loss of 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.
DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.