This is the obvious piece that people often side-stepped when they said that corporates and states and countries should buy crypto with their balance sheets. If the price goes down, you're making tax-payer money evaporate.

*Walter Bloomberg
@DeItaone
BITCOIN CRASH BATTERS EL SALVADOR, IMPERILS IMF DEAL Bitcoin’s plunge has slashed the value of El Salvador’s holdings by roughly $300 million, exposing the risks of President Bukele’s crypto bet and shaking the country’s debt markets. Despite the losses, Bukele keeps buying
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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