El Salvador Finance Minister – Bitcoin Crash Poses “Extremely Minimal’ Fiscal Risk”
This is great – El Salvador’s finance minister Alejandro Zelaya said at a press conference that “the only thing I can do is smile” when asked about the fiscal risk of Bitcoin. People are writing articles that Saylor and MicroStrategy are in trouble but do they just forget that this price level is completely temporary? They just want to dismiss and smear Bitcoin and that in itself should speak volumes
El Salvador Finance Minister: Bitcoin Crash Poses ‘Extremely Minimal’ Fiscal Risk
‘The ongoing crypto market crash poses an ‘extremely minimal’ fiscal risk to El Salvador, which has purchased millions in Bitcoin for its treasury, the country’s finance minister said on Monday.
‘When they tell me that the fiscal risk for El Salvador because of Bitcoin is really high, the only thing I can do is smile,’ El Salvador’s finance minister Alejandro Zelaya said at a press conference, per a Deutsche Welle report.
He added that, ‘any serious economist should feel the same because it is really a very superficial analysis and they speak only from ignorance,’ adding ‘the fiscal risk is extremely minimal’.”