Comment Comment by superb-owl To put the numbers in context:- El Salvador has spent $104M on BTC- They have lost about $47M on their investment- They have a GDP of about $28B [1]- They have an annual government budget of about $5.6B [2]So they've blown about 1% of their annual budget on BTC. Far from catastrophic.[1] https://tradingeconomics.com/el-salvador/gdp[2] https://tradingeconomics.com/el-salvador/government-spending parent superb-owl 4 years ago
- El Salvador has spent $104M on BTC
- They have lost about $47M on their investment
- They have a GDP of about $28B [1]
- They have an annual government budget of about $5.6B [2]
So they've blown about 1% of their annual budget on BTC. Far from catastrophic.
[1] https://tradingeconomics.com/el-salvador/gdp
[2] https://tradingeconomics.com/el-salvador/government-spending