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In the last days of november and the first days of december 2023, bitcoin began to rise in relation to traditional currencies and surpassed US$41,000 per unit, in the market. This change in its value favored the portfolio of securities managed by the salvadoran State. With an estimated US$131.41 million placed in bitcoin, this portfolio registered a profit that ranged between US$3.5 million and US$4.4 million, according to the website Nayib Bukele Porftolio Tracker.
This comes after a period of steady declines in the value of the cryptocurrency fell to a value of around US$16,000 in january 2023 however, since mid-october the value of this economic asset has begun to rise to stand at US$42,000 as of 11:00 AM on december 4, 2023.
"With the current market price of Bitcoin, if we were to sell our Bitcoin, we will not only recover 100% of our investment, but we will make a profit of US$3,620,277.13 (at the time the tweet was published)", mentioned Nayib Bukele President of El Salvador.
Translated by: A.M