Even before Tuesday’s fall, the price of one bitcoin corresponded to about 1.1 million crowns. Bukele boasted on Monday that the country holds 400 bitcoins worth 440 million crowns.
–
At the same time, the Central American country did not buy them well in advance, when the exchange rate was even lower. She bought half of the virtual coins only this week, when the value of one virtual coin traded above $ 50,000 (CZK 1,072,750).
–
However, he significantly shuffled the cards with a significant drop in the odds. On Tuesday morning, the exchange rate climbed to $ 52,649 (CZK 1,130,160), but weakened sharply during Tuesday evening. At one point, the virtual coins were offered for $ 42,921 (CZK 921,220), a drop of more than 200,000 crowns.
–
–
In just a few hours, Salvador lost more than 40 million crowns from its “digital wealth” due to its declining value. Only the mentioned 200 bitcoins are included in this amount. It is not known exactly when the country bought the remaining 200 bitcoins, so it is not possible to determine whether Salvador earned or suffered from them.
–
However, it is evident that President Bukele still believes in bitcoin, so at his instigation, the country bought another 150 new coins during the fall. If the value of the most famous cryptocurrency in the world increases in the coming days, Salvador can make a lot of money from it. Conversely, if the exchange rate falls, the country’s digital wealth will shrink even more.
–
President Naiyb Bukele announced the purchase of additional bitcoins.
–
People got bitcoins for free
El Salvador is the first country in the world where any cryptocurrency is considered the official currency. Residents can use a special Chivo digital wallet, which they log in to via their smartphones with the help of a national ID.
–
In order for the country to really entice people to use bitcoin, it will distribute this cryptocurrency of approximately $ 30 (CZK 643) to all users of the application when it is first activated. However, technical problems appeared during the first day and the wallet was unavailable for several hours due to modifications.
–
“Like all innovations, bitcoin in El Salvador will go the way of learning. Every journey into the future is like that, and not everything is achieved in a day or a month, “Bukele said on Twitter.
–
Poll
Do you invest or have you invested in cryptocurrencies?
A total of 291 readers voted.
–
Bitcoins and other virtual currencies
There are many virtual currencies. One of the oldest and currently the most popular are the so-called bitcoins. They were created in 2009, but have enjoyed greater popularity in recent years. This currency was designed so that it could not be influenced by any government or central bank.
Cyber coins are “minting” a network of computers with specialized software programmed to release new coins at a steady but declining pace. The number of coins in circulation is expected to reach 21 million in the end, which is to be around 2140.
——
