Quote from: amishmanish on October 09, 2022, 03:47:55 AM

I also won't agree with you. Yes El Salvador made a good investment, but with current market conditions, I belive it will take some time for those investments to mature. One thing I am sure the crypto friendly environment will going to greatly boost the economy.

I don't know it is a good investment or bad one for El Salvador. Good or bad, it is decided by entry and exit. Now we only knew about entry of El Salvador but don't know about their exit, when and what price.

With financial recession, lot of risk for El Salvador in next few years and if their President is not careful, their nation can fall into a debt crisis so that their investment in Bitcoin will be liquidated. If it happens, it will become a bad one.

Quote from: inthelongrun on Today at 09:54:56 AM

Exactly. El Salvador's venture into Bitcoin is already branded as a failure by many financial institutions because of the ongoing market situation. But we are optimistic that in 8 years, El Salvador's investments will be worth a lot. Its capital will grow to more or less 50 folds by then. And considering El Salvador is a crypto-friendly nation, there will be huge investments and opportunities coming for them. If their government can offer a high level of security, crypto investors will flock. I am seeing a bright future for El Salvador and its citizens. But pretty sure 8 years is not enough for a poor country like El Salvador to become the richest.

8 years are not too long but not too short. With financial crisis, 8 years will be longer than usual. Of course, in the meantime, in the middle of crisis, more challenge than usual for El Salvador.

If they will still have their Bitcoin investment 8 years later and if Bitcoin won't break its history with new all time high for each 4-year halving cycle, El Salvador should win big 8 years later. Lot of if conditions so I don't know how El Salvador will be and will have their investment position next 8 years.