El Salvador faces significant paper losses after a year of buying bitcoin

El Salvador faces significant paper losses after a year of buying bitcoin


TheBlock
2022-09-08 01:40:29

El Salvador placed a big bet on bitcoin exactly a year ago, making it an official legal tender alongside the U.S. dollar and filling its coffers with the cryptocurrency in a series of purchases. However, the country appears to be facing significant losses related to its bitcoin buys, at least on paper. El Salvador’s bitcoin […]