El Salvadors Finance Minister Says Bitcoin Crash Will Not Affect Countrys Fiscal Health - BitcoinEthereumNews.com
Bitcoinรัฐมนตรีคลังของเอลซัลวาดอร์กล่าวว่าการชนของ Bitcoin จะไม่ส่งผลกระทบต่อสุขภาพทางการคลังของประเทศ06 / 14 / 2022ข่าว Bitcoin Ethereum El Salvador‘s Finance Minister Alejandro Zelaya has revealed that the recent crash in Bitcoin and crypto prices has minimal risk to the country’s fiscal health. El Salvador Records $40M Paper Loss in Bitcoin On Monday, the leading cryptocurrency tumbled to an 18-month low with over $200 billion wiped off the entire crypto market. At the time of writing, the total crypto market cap has dropped below $1 trillion from an all-time high of $3 trillion in November 2021. BTC is also currently trading at $22,000, a 67% decrease from its ATH price of $68,800. During the 2021 bull run, El Salvador became the first nation in the world to adopt Bitcoin as a legal tender alongside the U.S. dollar. Since then, the volcanic country has been bullishly adding bitcoin to its balance sheet, amassing a total of 2,301 BTC, valued at around $70 million at the time of its last purchase. Bitcoin Crash Poses No Risks With the current market conditions, El Salvadors Bitcoin portfolio is now worth about $54 million with a paper loss of $40 million, according to Deutsche Welles. The nearly 50% unrealized loss has called for concern among citizens and speculators, but Zelaya noted