El Salvador plans to issue first bitcoin bond next month

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ICYMI: El Salvador plans to issue first bitcoin bond next month

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, Zelaya said that the government is planning to have the bond “totally ready” for issuance between March 15 and March 20.Zelaya confirmed that the government is still planning to issue $1 billion for the first bond, as previously mentioned during a November 20 event.

The world first learned about the bitcoin bond idea during a flashy event on November, 20, when El Salvador’s president Nayib Bukele shared the stage with Blockstream chief strategy officer. Mow explained the specifics of the bond, and Bukele also unveiled plans to create a new, crypto-friendly municipality called Bitcoin City.

While crypto enthusiasts are excited about the bonds and presumably will want to buy them to leave their mark on history, other financial experts have

 

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