Latam Insights: El Salvador’s Bitcoin Portfolio Goes Black, Brazil Brings Digital Currency Talk to G20
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: The portfolio of bitcoin investments of the Salvadoran government went into black numbers, Brazil will discuss using digital currencies for financial transfers in the Group of 20 (G20), and Venezuela alleged Exxonmobil financed Essequibo’s ballot opposition with cryptocurrency. El Salvador’s Bitcoin Investments Go Black The bitcoin investment strategy of El Salvador has started to pay its dividends, as the country’s holdings went into black numbers with the recent rise in the price of bitcoin. President Nayib Bukele shared a post on social media explaining that the country had finally reached this point after being ridiculed and targeted by hit pieces due to their calculated losses while making these investments. However, Bukele stated that the country had no intention of selling the bitcoin it owns, estimated to be around 2,381 BTC by different t...