El Salvador's Bitcoin reserve has lost half its value. Due to the price drop that the main cryptocurrency has had.
Now everyone is losing, since the bear market, Saylor lost a billion dollars in general. This news would be of some importance if Salvadoran investments were at a loss against the backdrop of a generally positive background. And so it turns out, 100 people are sitting in the pool and then suddenly one of them says: look at this person, he is in the water and he is wet.
In general, sorry for the analogy, I want to say that if Bukele is not going to sell these bitcoins at a loss, then it does not matter that now his bitcoins have depreciated, a new trend will come and all these losses will turn into profit. Now there is an acute question regarding a possible default at the beginning of 2023 if the country does not find $700,000,000. Bukele was hoping for a $1 billion bitcoin bond and investment in them, but with the market like this, that's not a good idea.