[BitwiseFool]

I was trying to put the loss in perspective, namely that this loss, while bad, is still an amount that El Salvador will be able to reasonably recover from. Not that I sensed there was doom and gloom about the situation, but this isn't the kind of large loss that will financially bog down El Salvador for the next decade or more.

[xur17]

I wonder how much of this was a marketing play by El Salvador. As a result of making Bitcoin a National Currency, they've had their name in the news quite a few times, they've had more tourists than normal (cryptocurrency enthusiasts visiting, etc), and they've likely had increased investment in their country.

[upsidesinclude]

There is no loss on an asset until it is sold.

They have not realized a loss other than for accounting, which may benefit their debt positions.

Bitcoin is responding exactly like it has in the past, it also represents a better ~one year return than most investments. Now is a time to buy additional amounts as $13k-20k is the anticipated low range during the next 'slump' year