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El Salvador: Adopting ‘junk-grade’ Bitcoin bond will have these repercussions
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El Salvador and its vision to build ‘Bitcoin city‘ has created havoc within the crypto community.
Nayib Bukele announced the plans to issue a $1 billion “Bitcoin Bond” with a 10-year maturity on the Liquid Network. The bond, developed by Blockstream and processed by Bitfinex, will offer a 6.5% coupon or the rate of annual interest payments. In addition, investors will receive dividends generated by liquidation of Bitcoin holdings.
Blockstream CSO, Samson Mow discussed his bullish narrative El Salvador’s bet on powering a Bitcoin city with the energy of a volcano in a Bloomberg TV interview.
<p lang=«en» dir=«ltr» xml:lang=«en»>Powering a Bitcoin city with the energy of a volcano: that’s the bet of El Salvador, along with plans to raise about Read more on ambcrypto.comAbout this in other media
The bigger picture: What does El Salvador’s Bitcoin city mean for the global crypto market? economictimes.indiatimes.com /3 years ago
Mainstream Analysts Pour Scorn on El Salvador’s Financial Plans and Bitcoin Intentions cryptonews.com /3 years ago
El Salvador Buys Bitcoin Dip Again, WisdomTree Launches 3 Crypto ETPs + More News cryptonews.com /3 years ago
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