Contains 1391 Bitcoins! El Salvador has lost over $ 10 million so far.

According to Lei i, according to Bukele's "Bloomberg", El Salvador became the first country in the world to adopt bitcoin as a lucrative currency in September last year, following the support of the first Salvadoran president Nayib Bukele, and began buying Bitcoin. According to public Twitter records, El Salvador has now purchased a total of over 1,391 Bitcoins.

According to the bitcoin purchase dates announced by Bouguerei on Twitter, the total cost of buying bitcoin in El Salvador in recent months has been estimated at over $ 71 million, with an average value of $ 51,056 per bitcoin. .

Assuming none of these bitcoins are sold, at a current market value of $ 43,500, these bitcoins will have a current value of around $ 60.5 million, with the government of El Salvador sharing a loss of over 14%, with a loss of over $ 10 million. .

However, the process of buying Bitcoin by the Salvadoran government and the Salvadoran government where Bitcoin is kept secret, the actual success is therefore unknown. El Salvador's CFO Alejandro Gelaya said last week that El Salvador traded some of its bitcoin for cash, saying the government has decided when to buy bitcoin, even but without further details.

Ricardo Castaneda, chief economist at the Central American Institute for Financial Research in El Salvador, notes that everything about Bitcoin is inaccurate and lacks large amounts of legal data, how or how much the government is buying. Legal information on the number of Bitcoins deposited or stored.

Bitcoin is still a bit far from its all-time high of $ 69,000 in November of last year, but according to previous data Buglei is still bullish on Bitcoin.

Fidelity is providing $40,000 as key support.

Bitcoin started to slow for the year as many analysts predict the price will drop further into the $30,000-$35,000 range, but today's rise above $44,000 raised hopes.

Jurrien Timmer, director of global macroeconomics at Fidelity Investments, said $ 40,000 was a significant boost for Bitcoin.

One of the main reasons for Jurrien Timmer's optimism against Bitcoin is three key indicators, including the Probabilistic Relative Strength Index (RSI), which rebounds from its oversold level below 20 levels, and Bitcoin / Gold of the structure of the S-curve; It's linked. percentage indicator.

Jurrien Timmer pointed out that according to the request of the Fidelity model, in April and June 2021, the Bitcoin price curve followed the price of Bitcoin and brought in $ 30,000. Bitcoin's Next Rally May Reach $ 100,000

Additionally, looking at the price performance of Bitcoin/Gold, Bitcoin is also selling slightly. Jurrien Timmer notes that the Bitcoin/gold ratio hit 37.4 twice in 2021 before falling to 22 support levels.

At the same time, Jurrien Timmer noted that Bitcoin's recent decline, as the chart shows, has pushed Bollinger Bands into the forefront of the stock market, a former buy that social capital can start from gold. .

Jurrien Timmer wrote about it on Twitter: This report tells us that Bitcoin needs to be backed up and supported at $40,000. That doesn't mean it can't be lower, but $40,000 now is: Last year, $30,000 grant.