El Salvador creditors should hope Volcano bond plans turn to ash
A Bitcoin bond that crashes and burns would be better for bondholders than one that struggles across the line
Source: globalcapital.com
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A Bitcoin bond that crashes and burns would be better for bondholders than one that struggles across the line
El Salvador is betting big on Bitcoin despite international pressures to abandon the strategy.
Four months into El Salvador's Bitcoin experiment, few use the cryptocurrency, fraud has been widespread, and the country has lost up to $22 million.
El Salvador president Nayib Bukele continues to tout Bitcoin's benefits, over the objections of citizens and international financial institutions.
The IMF warns El Salvador to drop Bitcoin as a legal currency