Bukele’s Bitcoin trade raises El Salvador’s sovereign credit risk:
© Alpha Footage
El Salvador’s historic embrace of (BTC) could have negative consequences on the country’s sovereign credit outlook, according to Moody’s Investors Service.
Moody’s analyst Jaime Reusche told Bloomberg this week that El Salvador’s Bitcoin gambit “certainly adds to the risk portfolio” of a country that has struggled with liquidity issues in the past.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Read More: Bukele’s Bitcoin trade raises El Salvador’s sovereign credit risk: