El Salvador Minister Says, Bitcoin Crash Poses ‘Extremely Minimal’ Fiscal Risk
El Salvador’s Crypto position becomes really shaky as the crypto market crash.
The country holds a total of 2,301 BTC which was valued at $101 million. The country’s holding is now just worth $54 million.
Finance Minister, Alejandro Zelaya, reassured that the most recent market crash will not hurt the country’s fiscal health.
El Salvador has an unrealized loss of $40 million in its BTC investments, Zelaya noted that this amount represents less than 0.5% of the country’s national general budget.
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