El Salvador's bitcoin national treasury is back in the green.
At least, those are the latest data fromNayibTracker.coma website dedicated to tracking the performance of El Salvador President Nayib Bukele's decision to invest in bitcoin in 2021. The website tracks the time and date of known purchases, as well as those that Bukele has committed to carry out.
According to the data, the total investment of 127 million dollars has represented an increase in the current value of 4 million dollars, which translates into a profit of 3.17%.
The data seemed to be confirmed on Monday.via posts on Bukele's Xwho recently resigned from the presidency to run for re-election.
Still, most of this performance is based on the idea that Bukele fulfilled a public commitment to buy 1 bitcoin per day from November 17, 2022. If he did, the bitcoin purchased on that date would have increased by 58 % since acquisition.
That said, Bukele has yet to confirm or speak publicly about whether the country acquired an additional 360+ bitcoin over the last year, in line with his announcement that he would pursue a dollar-cost averaging strategy. Notably, your post today appears to verify the data for the first time.
Elsewhere, overall investing is showing a mix of gains and losses, with the most significant single-day increase coming on July 1, 2022, when a $19,000 per bitcoin investment resulted in a staggering 119% increase in value. .81%.
On the contrary, there were moments of decline, such as on November 26, 2021 at a price above $60,000, a purchase whose value continues to drop by 29.14%.
However, with the price of bitcoin surpassing $40,000 and optimism that a bitcoin ETF will soon be approved in the US, industry bulls believe that even this buying will soon turn positive.
As bitcoin continues to assert its influence on the world stage, El Salvador's journey serves as a noteworthy case study for other countries exploring the intersection of traditional finance and the rapidly evolving landscape of cryptocurrencies.
