Bitcoin-Trading President Likely Lost Money for El Salvador | Daily Business Review – Law.com

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NEWS
El Salvador began buying Bitcoin in September after President Nayib Bukele pushed through a plan to make the nation the first to consider it legal tender.
January 14, 2022 at 12:26 PM
4 minute read
Financial Services and Banking
El Salvador’s President Nayib Bukele is probably the only head of state in the world who uses public funds to trade Bitcoin with his phone.
So far, it appears he’s lost money. That’s because the process is shrouded in secrecy, though the country has bought at least 1,391 Bitcoins, based on what the 40-year-old Bukele has said on Twitter.
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