Post
Topic
Board Bitcoin Discussion
Re: El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻
by
_act_
on 14/06/2022, 16:46:04 UTC
I think El Salvador government prepared before they accepted bitcoin as a legal tender, see what Alejandro Zelaya, the minister of finance of El Salvador said about them (El Salvador government) buying bitcoin.

https://cointelegraph.com/news/el-salvador-has-not-had-any-losses-due-to-bitcoin-price-dive-finance-minister-says

Quote
“There is a clear criticism of Bitcoin as such, not of El Salvador's strategy. El Salvador is what interests them the least, they [the media outlet] are not interested in what happens to our economy, they are not interested in what happens with our people, what happens with inflation.”

Quote
“I have said it repeatedly: A supposed loss of 40 million dollars has not occurred because we have not sold the coins.”

We all know that the second  quote is true, 1 BTC is equals to 1 BTC, if El Salvador has not sold bitcoin, this is not loss. Some holders will see the price falling, only what they think about is to wait for another years for all-time-high.

How do you see people that are criticizing El Salvador government as bitcoin price has decreased? As for me, I see them as someone that will only pnic and sell, thinking they have lost money, but latter regret this in long term when the price of bitcoin reach all-time-high.