According to news on December 6, the President of El Salvador, Nayib Bukele, bought BTC again at the market low last week. “Gold loyalty” and economist Peter Schiff expressed doubts on Twitter that there will be more drops in BTC. How much taxpayer’s money do you intend to waste?
Nayib Bukele responded that it did not cause losses to Salvadoran taxpayers. Less than 24 hours after the last purchase of BTC, it became profitable. In addition, Nayib Bukele also revealed that El Salvador has 44,106 ounces of gold in its national reserves.
The current value is approximately US$79 million, a decrease of 0.37% from a year ago. If you sold gold and bought BTC a year ago, it will now be worth $204 million. Means a profit of 125 million U.S. dollars.