El Salvador Risks Default As Bitcoin Value Plummets

[basquebromance]

El Salvador's big bet on bitcoin, which the Central American nation has been buying since September, has soured in recent weeks as a cryptocurrency rout shaved over a third of the value of the government's holdings

Analysis: Crypto crash leaves El Salvador with no easy exit from worsening crisis

El Salvador's big bet on bitcoin, which the Central American nation has been buying since September, has soured in recent weeks as a cryptocurrency rout shaved over a third of the value of the government's holdings, Reuters calculations show.

www.reuters.com

 

[DudleySmith]

Let them fall. Anybody stupid enough to fall for such scams like 'crypto currencies' deserves to die bankrupt. It's a shame we're taxing these rackets' investors at 90% rates.