The #President of #ElSalvador, Nayib #Bukele, the first country to accept #Bitcoin as a legal #payment method, announced that they have made a #profit of 305 #million #dollars (approximately 11 billion TL) from their #cryptocurrency investments totaling 268 million dollars to date.

Source: en.haberler.com/el-salvador-ha…

El Presidente, please allow me to briefly explain #capitalism to you. As long as you do not sell bitcoins, the profit and the previous loss are only theoretical. El Salvador is a poor country and has no #money for #speculation. This means you have to take out expensive loans to pay #salaries in the state apparatus and so you make a loss and not a profit.

#news #technology #Software #Problem #economy #politics #fail #btc #future #trump #investment #dollar

El Salvador has made a profit of over 10 billion Turkish lira from Bitcoin.

The President of El Salvador, Nayib Bukele, the first country to accept Bitcoin as a legal payment method, announced that they have made a profit of 305 million dollars (approximately 11 billion TL) from their cryptocurrency investments totaling 268 …

^Haberler.com