The #President of #ElSalvador, Nayib #Bukele, the first country to accept #Bitcoin as a legal #payment method, announced that they have made a #profit of 305 #million #dollars (approximately 11 billion TL) from their #cryptocurrency investments totaling 268 million dollars to date.

Source: https://en.haberler.com/el-salvador-has-made-a-profit-of-over-10-billion-18073476/

El Presidente, please allow me to briefly explain #capitalism to you. As long as you do not sell bitcoins, the profit and the previous loss are only theoretical. El Salvador is a poor country and has no #money for #speculation. This means you have to take out expensive loans to pay #salaries in the state apparatus and so you make a loss and not a profit.

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