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El Salvador to Create ‘Bitcoin City,’ Use $500M of Planned $1B Bond Offering
- runeks 5y ago> Bukele also said El Salvador plans on issuing $1 billion US “bitcoin bond,” a tokenized financial instrument developed by Blockstream, on the Liquid Network. Of that amount, $500 million will be used to help construct needed energy and bitcoin mining infrastructure and $500 million to buy even more bitcoin. sigh Who in their right mind would buy a bond to finance the issuer speculating on the price of Bitcoin?