In brief
- Four years ago, El Salvador made Bitcoin legal tender in the country.
- The country has been in the spotlight since then as its Bitcoin-loving president becomes a larger player on the world stage.
- President Bukele claims he still buys Bitcoin for the country—but the IMF says otherwise.
Bitcoin advocates around the world are enamored with the economic policies of El Salvador’s president, Nayib Bukele, and his embrace of the digital asset. But when looking at his government’s crypto buys, something doesn’t quite add up.
Back in 2022, the millennial leader said he’d buy one Bitcoin per day. At today’s prices, that’s over $114,000 in so-called digital gold every 24 hours.
Sometimes, Bukele says he buys even more: The leader over the weekend announced he’d bought 21 BTC to celebrate the fourth anniversary of El Salvador’s Bitcoin Law. That’s another $2.3 million worth of Bitcoin he said he put i
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Author: Mathew Di Salvo
