El Salvador President Nayib Bukle shared a screenshot on social media platform Facebook and said that his government has a profit of about $ 33.3 million on holding of bitcoin. Al Salvador has about 6,000 bitcoins. After this post of Nayib on social media, many users praised him. These included the Chief of American Electric Vehicle (EV) Company Tesla and Elon Musk, a supporter of Cryptocurrency. However, Nayib also expressed displeasure over opposing the opposition party’s bitcoin in their country. He said that the people of Al Salvador missed out on investing at a low price in bitcoin.
However, Bitcoin had a decline of more than four percent on Friday and its price was around $ 98,600. This year the price of bitcoin is doubled. Since Trump’s victory, bitcoin has rose by about 45 percent. Bitcoin on Thursday created a new high level of $ 100,277. Earlier next year, the agenda of the new government, which took charge of Trump in the US in the US, may include making policy for this segment. Trump has announced to give the responsibility of the head of the Market Regulator Securities and Exchange Commission (SEC) in the US to Paul Atkins. Earlier in SEC, Atkins has worked on the commissioner’s position.
Institutional investors have also increased interest in this segment. Recently the software company Microstrategy has bought around 15,400 bitcoins for about $ 1.5 billion. This company has a large holding of bitcoin. Micostratezi has about 4,02,100 bitcoins. This is less than two percent of the total supply of 2.1 million tokens of this most popular cryptocurrency. Micostratezie has last bought around 15,400 bitcoins at an average price of $ 95,976. However, questions have also been raised about the strategy of investment in the company’s bitcoin.
