Bloomberg

Bitcoin-trading president likely loses money for El Salvadorans

Nayib Bukele, El Salvador's president, delivers a speech to Congress at the Legislative Assembly building in San Salvador, El Salvador, on June 1, 2021. Foto: Bloomberg photo by Camilo Freedman.

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.

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...

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