Altcoin News Official TheBitTimes.com

After tracing the bitcoin listed on El Salvador’s sovereign balance sheet, some researchers wonder if Bitfinex – rather than Nayib Bukele’s administration – controls these coins. According to a newspaper report today from Fabricio Altamirano’s El Diario de Hoy, reblogged on sister website ElSalvador.com, nearly 100% of El Salvador’s bitcoin reserves originate from Bitfinex. The contentious print and web investigation cites a researcher, Mario Gómez, who further speculates that Bitfinex is aiding Bukele in faking ownership of bitcoin that is in fact donated, loaned, or otherwise controlled by Bitfinex. Protos has been unable to independently verify these extraordinary claims. Who controls El Salvador’s 6,114 bitcoin? Bukele’s administration hosts an official website claiming that the government owns 6,114.18 bitcoin. That figure matches third-party estimates at Nayib Tracker. These disclosure portals are limited in what they reveal, showing the balance in a specific...

El Salvador’s president Nayib Bukele announces a complete recovery of the country’s Bitcoin investment, yielding a $3.62 million profit. After facing criticism over supposed losses, President Nayib Bukele took to X to announce that El Salvador’s Bitcoin (BTC) investment has recovered 100% of its initial investment and generated a profit of $3.62 million at the asset’s current market price.  El Salvador's #Bitcoin investments are in the black! After literally thousands of articles and hit pieces that ridiculed our supposed losses, all of which were calculated based on #Bitcoin’s market price at the time… With the current #Bitcoin market price, if we were to sell… pic.twitter.com/gvl2GfQMfb — Nayib Bukele (@nayibbukele) December 4, 2023 President Bukele showed that the country’s portfolio currently sits at $130.8 million, an all-time increase of 2.84%, with profit realization based on the current Bitcoin market price. The president emph...