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Moody's Downgrades El Salvador Sovereign Debt Due to Bitcoin Trades
- deleted 5y ago[deleted]
- neb_b 5y agothe president of el salvadors response https://twitter.com/nayibbukele/status/1483194959989719059 https://twitter.com/nayibbukele/status/1483194959989719059 > BREAKING: EL SALVADOR DGAF
- 0x7E3 5y agoThis is the most recent rating action RE: El Salvador I could find on the Moody's website: https://www.moodys.com/research/Moodys-downgrades-El-Salvadors-rating-to-Caa1-maintains-negative-outlook--PR_450956 https://www.moodys.com/research/Moodys-downgrades-El-Salvado... It is from July of last year and Bitcoin appears to be only a small part of the rationale. If a new action has been taken please link it, I'd love to read it. But I don't know why I would want that when you can provide me with AN UNSOURCED ALL CAPS TWEET WITH #HASHTAGS AND EMOJIS!!! HIGH QUALITY POST!!
- imtringued 5y agoIt would be very funny if El Salvador gets dutch disease via Bitcoin mining.
- josefrichter 5y agoI’m a fan of blockchain technology and am convinced it could solve some of the problems of El Salvador’s regular folks. Unfortunately their president seems to be an incompetent reckless moron, who seems to pick only the bad parts of the tech.
- cmattoon 5y ago