El Salvador’s Bitcoin Conviction Now Carries a $300 Million Price Tag

Bitcoin’s (BTC) bear market has weighed heavily on investors across the spectrum. Corporate treasuries, major whales, and even nation-state holders have all felt the pressure. The cryptocurrency’s slide has slashed the value of El Salvador’s holdings as credit default swaps rise to a five-month high, raising concerns over the country’s IMF program and debt outlook. El Salvador’s Bitcoin Bet Under Pressure as Portfolio Drops According to the latest data from El Salvador’s Bitcoin Office, the country’s Bitcoin reserves stand at 7,560 BTC, worth approximately $503 source: https://beincrypto.com/el-salvador-bitcoin-loss-imf-debt-concerns/