El Salvador President Nayib Bukele’s recent assertion on X about the country’s bitcoin investments being “in the black” faces scrutiny as discrepancies in the tracking tool he referenced come to light.
Bukele shared a graph from ‘nayibtracker.com,’ an unofficial website attempting to monitor El Salvador’s bitcoin holdings.
The website explicitly disclaims any affiliation with the Salvadoran government, emphasizing the data’s speculative nature.
A user pointed out the tracker’s error in double-counting Bukele’s daily bitcoin purchases, prompting a correction by the tool’s creator.
This briefly turned Bukele’s portfolio negative before subsequent bitcoin price increases restored it to a positive balance.
The incident raises concerns about Bukele’s reliance on third-party tools for tracking, suggesting potential inaccuracies in reporting.
Moreover, the Salvadoran government has yet to publicly verify its bitcoin portfolio, adding to the uncertainty surrounding the country’s cryptocurrency holdings.