3 ms·
How is this any more newsworthy than netflix investors getting wiped out?
by deevolution 4y ago
How is this any more newsworthy than netflix investors getting wiped out?
- swagonomixxx 4y agoBecause any negative news on crypto is automatically HN-worthy.
- jakelazaroff 4y agoBecause El Salvador is a country that is in danger of defaulting on its debt. Netflix is just a company.
- cyphertruck 4y agoHow is being down a little bit on a small Bitcoin investment making it any more in danger of default? The problem with fake news is it sounds real.
- deleted 4y ago[deleted]
- qgin 4y agohttps://markets.businessinsider.com/news/bonds/el-salvador-bitcoin-bonds-investors-crypto-bukele-default-debt-ukraine-2022-5?amp https://markets.businessinsider.com/news/bonds/el-salvador-b... The government is issuing Bitcoin-backed bonds. Subsequently the market has sold off El Salvador’s 10Y traditional bonds to a level that increases the yield to 24%, representing the very high amount of risk of default the market is assigning to El Salvador. Is that all because of the Bitcoin investment or a more general distrust that the government is making sustainable moves? Hard to say.