President Nayib Bukele announced that the Central American country seeks to buy back bonds maturing in 2023 and 2025 at market prices.
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El Salvador Weekly: Morgan Stanley Says Buy El Salvador Bonds (at 28 Cents on the Dollar)
For months now, everybody’s been screaming that El Salvador’s bitcoin-as-currency experiment will bring the country’s economy down in ruins. Now Morgan Stanley has called time out, arguing that even if the Central American nation does default, at 28 cents on the dollar, 2027 Salvadoran bonds are too good a bargain to pass up, Bloomberg reported. […]
Bitcoin vs bank: Nayib Bukele reminds Peter Schiff why banks can’t trump BTC
Peter Schiff’s bank closure highlights why Bitcoin is crucial for financial freedom as the nascent asset class has already helped nearly 4 million unbanked in El Salvador to gain banking facilities.
El Salvador's Bitcoin wallet Chivo scores $52M in remittances in 2022
El Salvador payment app Chivo processed $52 million in remittances over the past 6 months, as expatriates make use of commission-free BTC transfers.
El Salvador Weekly: President Bukele’s Bitcoin Policy Is ‘Magical Thinking’
Giving Salvadoran President Nayib Bukele the courage of his convictions, bitcoin’s collapse below $20,000 from its November high of nearly $70,000 hasn’t dimmed his enthusiasm one bit. Bukele announced on Twitter on June 30 that the country had bought another 80 bitcoins at $19,000 each, coming in a little over $1.5 million. He wrote “#Bitcoin […]
After Losing $60 Million in Bitcoin, El Salvador’s President Buys More
Nayib Bukele has spent another $1 million in Bitcoin, adding 80 BTC to El Salvador’s existing stash of 2,301 BTC.
El Salvador Purchases 80 Additional Bitcoin at $19K, President Bukele Says
The last purchase by the Central American country had been in May.
High School Students In El Salvador Can Earn A Bitcoin Diploma
Two public schools in El Salvador are offering a vocational course that teaches Bitcoin as a skills-based diploma and counts towards graduation.
El Salvador Finance Minister: Bitcoin Crash Poses 'Extremely Minimal' Fiscal Risk
El Salvador hasn’t suffered any losses on its Bitcoin holdings, since it has yet to sell the cryptocurrency, the country’s finance minister argued.
El Salvador's Bitcoin Bretton Woods Conference
A recent financial inclusion conference in El Salvador gave the country an opportunity to share their bitcoin journey with other global financial policymakers.
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