> A 2% speculative investment in an emerging technology is a drop in the bucket compared to what El Salvador has been through in the past 30 years, with multiple past presidents arrested or fleeing the country following corruption charges.
That's an extremely generous and charitable interpretation.
El Salvador's investment in btc is hardly relevant with regards to it's nominal cost. It is however significant in the impact it has on El Salvador being able to refinance it's sovereign debt and earn trust in the country's institutions.
Trying to argue that today's sad state of affairs is not that bad because some point in the past the state of affairs was also sad is not a path forward.
That's an extremely generous and charitable interpretation.
El Salvador's investment in btc is hardly relevant with regards to it's nominal cost. It is however significant in the impact it has on El Salvador being able to refinance it's sovereign debt and earn trust in the country's institutions.
Trying to argue that today's sad state of affairs is not that bad because some point in the past the state of affairs was also sad is not a path forward.