>"So far, Mr. Bukele’s trades have cost the country an estimated $63 million in lost value, according to estimates last week by the magazine Disruptive, published by Francisco Gavidia University in San Salvador."
A significant sum for any individual, but how impactful actually is this for a nation state like El Salvador? Not to blindly defend Bitcoin, but it seems like a tropical storm would inflict just as much, if not more, financial loss than this decision. And, it remains to be seen if this position will pay off in the long run.
A significant sum for any individual, but how impactful actually is this for a nation state like El Salvador? Not to blindly defend Bitcoin, but it seems like a tropical storm would inflict just as much, if not more, financial loss than this decision. And, it remains to be seen if this position will pay off in the long run.