El Salvador’s wildly popular president Nayib Bukele was a big backer of Bitcoin during the 2021 bull market. After his bull-run buying spree, the Salvadoran leader announced in November of last year that the country would add one Bitcoin a day to its fortress balance sheet. He’s since been slagged off for being reckless by everyone from university professors to U.S. lawmakers. 

But how has the investment actually performed?

According to the NayibTracker website—which has used the president’s tweets to record just how much Bitcoin he’s bought (it’s notoriously difficult to get figures from the government) and has done the dollar cost averaging—Bukele is down nearly 8% on his investment of 3,120 BTC. 

The average price of BTC the eccentric ex-marketing executive has bought is now at $40,498 per coin, according to the data. 

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Author: Mathew Di Salvo

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