El Salvador loses tens of millions of dollars in bitcoin speculation

Time：2022-01-12 Source： 1007 views Trending Copy share

The recent cryptocurrency slump has affected not only retail and institutional investors, but also El Salvador, the only country that has Bitcoin as legal tender.

Assuming the Buckley government doesn’t sell any bitcoin assets, its portfolio would now be in a loss of about 14%, down to $61 million, based on Wednesday’s prices, implying a paper loss of around $10 million.

Disclaimer : The above empty space does not represent the position of this platform. If the content of the article is not logical or has irregularities, please submit feedback and we will delete or correct it, thank you!

1 Can Kazakhstan continue to mine in the "disconnected" country?
2 Indian man cheats over 900 people with fake cryptocurrency, gets 12 billion rupees
3 The government of Kazakhstan shuts down the Internet and Bitcoin hashrate drops by 13%
4 The third largest Bitcoin whale buys 179 BTC again
5 Regulatory tightening? Deputy Governor of the Central Bank of Russia hints at banning private cryptocurrencies
6 SushiSwap CTO responded to former employees' accusations: Most people were asked to leave due to poor performance or unable to work with the team
7 India delays cryptocurrency regulation bill, industry enters window period
8 How to empower Metaverse Will the public chain be the core infrastructure of Metaverse?
9 Wall Street Investment Bank Report: Cryptocurrency is Promoting U.S. Luxury Consumption
10 Power outage in Kazakhstan causes bitcoin's global computing power to disappear by 12%
11 The Swiss branch of Arab Bank is quietly entering DeFi
12 Kosovo bans cryptocurrency mining activities in the context of European energy crisis
13 Comprehensive upgrade of virtual currency rectification, mining withdrawal and prohibition of related business activities
14 The Beatles' rare audio interview will be released as NFT
15 The Sino-U.S. dollar universe dispute: who can come to the end in this game?
16 L'Oreal Paris focuses on female artists and launches NFT lipstick
17 Virtual currency "two heavens": in full swing abroad, orderly clearing domestic
18 3 embroidery artists weave NFT charity drop to help victims of human trafficking
19 DeFi Criticism: In addition to more speculation, it is also an amplifier of greed and fear
20 Bitcoin Mining Profitability Plunges After Productive Fall Period