El Salvador, the first country to adopt Bitcoin as legal tender, reports profits from its investment in the cryptocurrency. El Salvador president, Nayib Bukele, announced on Monday that his country had profited more than $3.6 million from its bitcoin investment, the cryptocurrency it adopted as legal tender last September.

Bukele said that his government had bought 550 bitcoins, which were worth almost $28 million at the current market price, and that if he sold them now, he would recover 100% of his investment and make a profit of $3,620,277.13.

“Of course, we have no intention of selling; that has never been our goal. We are fully aware that the price will continue to fluctuate in the future, this does not affect our long-term strategy,” Bukele wrote on Twitter.

The Salvadoran leader also asked the media and critics to retract their articles and statements that ridiculed his alleged loss from adopting Bitcoin.

“The responsible thing to do would be for them to issue retractions, offer apologies, or, at the very least, acknowledge that El Salvad

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Author: Ana Ojeda

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