Posted 12/4/2023, 7:35:00 PM
El Salvador President Touts Bitcoin Gains, Dismisses Volatility Concerns Despite Crypto Industry Turmoil
- El Salvador's president boasted the country's bitcoin investments are profitable, up $3.6 million since 2021
- Bukele said El Salvador has "no intention of selling" its bitcoin despite recent price fluctuations
- El Salvador became the first country to adopt bitcoin as legal tender in 2021
- The IMF has warned El Salvador about bitcoin's volatility, but Bukele remains a bitcoin bull
- Bukele's comments come as the crypto industry faces increased regulation and turmoil like Binance's $4.3 billion fine