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How much bitcoin does El Salvador have? Good luck getting an answer

From theblock.co

El Salvador is apparently buying a bitcoin a day. But we may never know if that’s true. In fact, since making the cryptocurrency legal tender last year, the country has failed to officially declare any of its holdings and now likely has unrealized paper losses with bitcoin's price drop of about 71% over the past year. The public has had to rely on President Nayib Bukele’s word — or more specifically, his tweets — to find out when he’s buying bitcoin, how much and at what price. The lack of information is an “absolute opacity about the use of public funds” related to bitcoin, said Ruth López, head of anti-corruption an ... (full story)

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  • Category: Fundamental Analysis