Fitch Ratings Warns About This Negative Aspect of El Salvador's Bitcoin (BTC) Adoption

Fitch Ratings has joined the long line of opposition in regards to El Salvador’s Bitcoin Legal Tender. The global credit rating agency has alerted the nation of substantial risks post-BTC adoption. Fitch Ratings argue that BTC legal tender will cause credit negative for local insurance companies. This would mean, profits can quickly convert into losses and vice versa.