Post
Topic
Board Bitcoin Discussion
Re: El-salvador bitcoin investment is underwater
by
AmoreJaz
on 03/07/2022, 16:57:40 UTC
By investing in bitcoin, El Salvador has already taken a significant risk. They are aware of the issues involved and equipped to deal with the difficulties that will arise. Given El Salvador's position in the global economy, their brave move will be regarded with respect. Before making this decision, the president must have carefully considered the market's ups and downs. No man will endanger a nation unless he is fully aware of the investments he is making with the nation's money and has a backup plan in place.

we don't know the back up plans of el salvador. but definitely, the president won't compromise the welfare of his people. they already did calculate the risks involved so maybe, they have very good allowance about the up and down movement of prices. also, they are not losing if they are not selling their BTC. as of now, we know they are still buying at this price level. in time, we will see if their decision going into crypto is worth their resources to risk. we can't say their investments are under water. because they are not selling.