El Salvador Loses $20 Million in Bitcoin Investments in a Week

El Salvador’s Bitcoin investment portfolio has suffered a significant loss, with over $20 million wiped out in just one week. Despite this setback, the country’s initial Bitcoin investment remains profitable, representing a 126% gain. The government is taking steps to enhance the security of its Bitcoin holdings by distributing them across multiple wallets. This strategy aims to minimize potential vulnerability from quantum attacks on crypto assets. The loss highlights the volatility of the cryptocurrency market and raises questions about the country’s long-term approach to its digital asset strategy.