This move had garnered a lot of interest from investors in the space who have been looking forward to taking advantage of this unique opportunity.
It has started to irk some in the space because this is not the first time that the country would be postponing the launch of its infamous Vulcano Bonds, also known as bitcoin bonds.
Introducing an untested bond into the market at a time when there is a lot of geopolitical unrest may work against the success of such a bond.
On the other side though, it is being said that the postponements have not been due to geopolitical unrest and declining prices.
As such, with the recent decline in the value of BTC, El Salvador finds itself at a loss when it comes to its bitcoin holdings.
The finance minister said that the government continues to hold on to its BTC despite being $38 million in the loss.
Zelaya, however, revealed that El Salvador had indeed “traded” some of its BTC to build Chivo Pet but that the coins remain in their possession.
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