Isn't the Salvadoran president a cryptobro who lost a huge amount of public money betting on Bitcoin?
That's the last I heard of it, have they turned it around at all?
That's the last I heard of it, have they turned it around at all?
In truth, thing is much worst, because you wont get 1 US dollar anywhere (nor banks, financial orgs, or privates will sell it for that price). On the market is close to
1 US Dollar = 360 Argentinian Pesos.
Unless you expect Bitcoin to return to this valuation, the money is as good as lost.
So you could say his investing skills measured in either bitcoin or dollars are poor to date.
The reason it is "unrealised" until that point, is that you could instead simply hold until/if the price of Bitcoin (priced in fiat) rises past the level you bought it at, and still sell at a profit (in real terms if you account for inflation, or in nominal terms if you don't).
Then that would be a realised profit.
Hence the distinction between unrealised and realised.