Naturally, he failed to mention the nearly 1,000 Bitcoin that he had purchased with taxpayer money since September 2021 at times that Bitcoin was above $50,000.
El Salvadoran president Nayib Bukele gives us Americans a painful reminder of having a president who truly cannot be trusted with the reins of a country, much less a Twitter account. On January 24, with Bitcoin prices tanking, Bukele tweeted, "Most people go in when the price is up, but the safest and most profitable moment to buy is when the price is down. It’s not rocket science. So invest a piece of your McDonald’s paycheck in Bitcoin. Now go back to flip more burgers you lazy fvçk!"
A Twitter thread showed dozens of people reporting amounts from hundreds to tens of thousands of dollars disappearing from their Chivo Wallets, the Bitcoin wallet backed by El Salvadoran President Nayib Bukele. El Salvador adopted Bitcoin as legal tender in September of this year, where it is used alongside the U.S. dollar.