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In numbers, what happened to the government that bought Bitcoin last year?
Economie
Spread Wednesday , 15 June 2022
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01:48A sharp drop in the value of Bitcoin.. This is how China is trying to limit cryptocurrency trading[/rtl]
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03:41Officially... El Salvador is the first country in the world to adopt "Bitcoin" as a legal currency[/rtl]
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01:22When are Bitcoin and Cryptocurrencies “useful and available for use”?[/rtl]
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Currently showingWould you like to join those interested in Bitcoin trading?[/rtl][/ltr]
Economie
Spread Wednesday , 15 June 2022
minute reading
Watch related videos
[ltr][rtl]
01:48A sharp drop in the value of Bitcoin.. This is how China is trying to limit cryptocurrency trading[/rtl][rtl]
03:41Officially... El Salvador is the first country in the world to adopt "Bitcoin" as a legal currency[/rtl][rtl]
01:22When are Bitcoin and Cryptocurrencies “useful and available for use”?[/rtl][rtl]
Currently showingWould you like to join those interested in Bitcoin trading?[/rtl][/ltr]New York, USA (CNN)-- El Salvador embraced Bitcoin last year, as the government bought hundreds of cryptocurrencies, assuring that the cryptocurrency would become legal in the world.
But with the slowdown and huge losses incurred by the cryptocurrency market, El Salvador has lost the value of its investment by at least 50 million dollars, since, since September 2021, led by President Najib Boukil, it has bought 2,301 bitcoins worth 103 million dollars, now, worth about 51 million dollars.
The broader cryptocurrency market, which has grown rapidly during the pandemic, has been in decline in recent months, as as of Monday, the value of bitcoin had fallen below $24,000, hitting its lowest level since December 2020.
In response to a report that the decline represents only a small percentage of El Salvador's national budget, a response from the country's finance minister tweeted: "You're telling me we should buy more Bitcoin?"
https://arabic.cnn.com/business/article/2022/06/15/el-salvador-bitcoin-losses-intl-latam
But with the slowdown and huge losses incurred by the cryptocurrency market, El Salvador has lost the value of its investment by at least 50 million dollars, since, since September 2021, led by President Najib Boukil, it has bought 2,301 bitcoins worth 103 million dollars, now, worth about 51 million dollars.
The broader cryptocurrency market, which has grown rapidly during the pandemic, has been in decline in recent months, as as of Monday, the value of bitcoin had fallen below $24,000, hitting its lowest level since December 2020.
In response to a report that the decline represents only a small percentage of El Salvador's national budget, a response from the country's finance minister tweeted: "You're telling me we should buy more Bitcoin?"
https://arabic.cnn.com/business/article/2022/06/15/el-salvador-bitcoin-losses-intl-latam
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