Post
Topic
Board Bitcoin Discussion
Re: El Salvador loses more than half the value of its reserves in bitcoins
by
Ratimov
on 17/06/2022, 22:46:16 UTC
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.