Despite bitcoin rallying to over $30K, El Salvador's total holdings of 2,546 bitcoin, acquired for around $108M, are worth just $77M
Michael D McDonald / Bloomberg :
Bitcoin fell to under $18K on Saturday, below its $19,511 high during its 2017 bull cycle, as ether dropped below $1K; both are down 70%+ since November 2021
what this means Robert Reich / The Guardian : The Crypto Crash: all Ponzi schemes topple eventually Hudson Lockett / Financial Times : Celsius warns it will ‘take time’ to stabilise as bitcoin hovers ...
Analysis: El Salvador's bitcoin investment, driven by President Nayib Bukele, is worth $74M, well below the $103M paid for its 2,301 BTC since September
Michael D McDonald / Bloomberg :
Survey of 1,800 households in El Salvador shows 61% have abandoned the Chivo bitcoin wallet after withdrawing a free $30 sign-up bonus
Those who stayed are not on the Chivo app for what was intended, using it to keep their dollars safe rather than for crypto. — • BOGOTÁ, COLOMBIA Tweets: @antoniocasilli , @cengizyar , @mikebutcher ...
Analysis: El Salvador's President Nayib Bukele has likely lost $10M on his bitcoin purchases, after spending $71M on 1,391 BTC at ~$51K
- Government's process for buying Bitcoin is shrouded in secrecy — Nation's Bitcoins worth 14% less than average acquisition cost
As bitcoin falls to ~$43K, El Salvador's President Nayib Bukele says the country “bought the dip” and acquired 150 more BTC, taking its total holding to 700
Yogita Khatri / The Block : Source: @nayibbukele .
As bitcoin falls to ~$43K, El Salvador's President Nayib Bukele says the country “bought the dip” and acquired 150 more BTC, taking its total holding to 700
Country Now Holds 700 BTC Livemint : El Salvador buys 150 bitcoins on dips as BTC drops by nearly $4,000 Shaurya Malwa / CryptoSlate : El Salvador buys 150 more Bitcoin as BTC falls to $45,000 Erhan K...
Crypto exchange Bitso says it is the core service provider for El Salvador's Chivo wallet and will work with Silvergate Bank to facilitate USD transactions
Joanna Ossinger / Bloomberg :