El Salvador’s Bitcoin (BTC) experiment is on track, and results will not happen overnight, the country’s Finance Minister Alejandro Zelaya told Bloomberg News in an interview. Naysayers have long argued that the Central American nation should cut its losses and ditch Bitcoin. Since the legal tender bill passed on September 7, 2021, Bitcoin has fallen 54% from its ATH.Current unrealized losses come in at $49.9 million, which is a bitter pill to swallow, considering the government funded the token purchases with public money.
El Salvador says Bitcoin bet working but needs more time to bear fruit
