Treasury Minister of El Salvador Dismisses Bitcoin Investment Losses, Calls Media Reports Biased – Bitcoin News

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Alejandro Zelaya, treasury minister of El Salvador, has minimized the loss that the country has taken as a result of bitcoin investments, explaining it is not significant in the big picture.

these coins purchased were not to be sold at a loss, and that they were going to wait until the price reached higher numbers.The treasury minister of El Salvador complained about media coverage on this issue, noting that reports had been biased due to the position that some media outlets have on bitcoin.

Oh my God! Our General Budget of the Nation is almost $8,000 million; $40 million does not represent even 0.5% of our budget.However, to Zelaya, this is proof that some of these media outlets have animosity towards bitcoin which is also affecting El Salvador as the first country to adopt it as legal tender.

 

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