El Salvador’s Bitcoin Boom: How the World’s First Crypto Nation’s Big Bet is Stabilizing its Economy, Proving Critics Wrong, and Paying Back its Debt

And just think, Bitcoin is only a fraction of what it will be and when it moons, El Salvador is positioned to be wealthier than anyone ever imagined

El Salvador’s Bitcoin Boom: How the World’s First Crypto Nation’s Big Bet Is Stabilizing Its Economy, Proving Critics Wrong, and Paying Back Its Debt

“According to Treasury Minister Alejandro Zelaya, the government has successfully repaid one of two outstanding $800 million bonds. This move is likely to allay concerns about a potential default, which had grown amid the country’s adoption of Bitcoin.

Zalaya announced the news via Twitter on Jan. 23, highlighting the government’s commitment to meeting its debt obligations and proving the skeptics wrong. Bukele tweeted, ‘Well, we just paid in full 800 million dollars plus interest. But of course, almost no one is covering the story.'”

https://finance.yahoo.com/news/el-salvadors-bitcoin-boom-worlds-151436258.html

 

Master Asked on March 30, 2023 in Bitcoin.
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