You 'recover' only if you have the luxury of not needing to sell during the downturn. By that metric, no major stock index has ever gone down except for Japan's Nikkei, which never again reached its 1990 peaks.
El Salvador has an $800m bond repayment due in Jan 2023. You can't make repayments in crypto, so some of their securities holdings will need to be sold in order to make payments. You might not feel the market downturn, but they certainly will.
El Salvador has an $800m bond repayment due in Jan 2023. You can't make repayments in crypto, so some of their securities holdings will need to be sold in order to make payments. You might not feel the market downturn, but they certainly will.