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El Salvador’s ‘bitcoin bonds’ plan gets wary reception from fund managers

El Salvador’s ‘bitcoin bonds’ plan gets wary reception from fund managers



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5 Comments

  1. **Proposal:**

    *Anybody who buys $1000 worth of Salvadorian Bitcoin bonds qualifies for a Salvadorian residence permit. If the project is a success, this person will qualify for a permanent residence permit.*

    *Anybody who buys $25,000 worth of aforementioned bonds qualifies for a Salvadorian passport.*

    Bukele can easily get the bonds oversubscribed by offering political benefits for doing so. People would not even care about the risk, potential returns, or lack thereof. All of that would be completely irrelevant.

  2. Bitcoin has a market cap of 1tn. The bond is asking for 1bn in $100 bonds. That means we only need 0.1% of Bitcoin Believers to fund this. I will throw in three hundred at least. Who’s with me?

    This subreddit has 3 million subscribers. If we all pitch in $300 it’s done.

  3. tldr; Investors say Nayib Bukele’s scheme could push the country further away from access to traditional debt markets

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

What do you think?

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