Bitcoin-Trading President Likely Lost Money for El Salvador

(Bloomberg) — El Salvador’s President Nayib Bukele is probably the only head of state in the world who uses public funds to trade Bitcoin with his phone.

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So far, it appears he’s lost money. That’s because the process is shrouded in secrecy, though the country has bought at least 1,391 Bitcoins, based on what the 40-year-old Bukele has said on Twitter.

The purchase Bukele says he’s made would have cost the Central American country about $71 million based on an…

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