Treasury Minister of El Salvador Dismisses Bitcoin Investment Losses

Treasury Minister of El Salvador Dismisses Bitcoin Investment Losses, Calls Media Reports Biased

El Salvador's treasury minister has minimized the loss that the country has taken as a result of these investments.

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Alejandro Zelaya had also stated these coins purchased were not to be sold at a loss, and that they were going to wait until the price reached higher numbers.

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El Salvador is the first country in the world to adopt bitcoin as legal tender.

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Some institutions are worried about the lack of transparency in which these investments are being carried out directly by President Bukele.

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The appreciation that Salvadorans have for their president is mostly favorable, however.

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