Yesterday, the International Monetary Fund (IMF) stated that the risks related to El Salvador’s adoption of bitcoin are yet to materialize, yet its crypto usage still needs openness and attention.
According to the report, the IMF said:
According to information from BuyBitcoinWorldwide, El Salvador holds 2,381 BTC with an average purchase price of $43,357. Although the country has invested $103,233,360 in these crypto purchases, the current market value sits at $51.59 million, implying more than $51 million in losses.
After Bitcoin touched its two years low of $15,500 last November, the president of El Salvador, Nayib Bukele, announced that the country would be buying one unit of Bitcoin every day starting November 18, 2022. However, there has been no official documentatio…
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Source: Cryptocurrency - investing.com
