El Salvador Delays Launch of Bitcoin Bonds

in #cryptonews2 years ago (edited)

Bitcoin Friendly South American country El Salvador delayed it's plan to offer bitcoin bonds

South American Country El Salvador had plans to launch world's first Bitcoin bonds by March

The launch of Bitcoin backed bonds created alot of hype and grained attention from investors all over the world

However, Retail and institutional investors will have to wait further more to invest in El Salvador's bitcoin bonds

El Salvadorian central bank was planning to launch country's $1 billion dollar worth Bitcoin bonds by March 20

Russian invasion of Ukraine and it's effect on the Bitcoin price led government to change it's decision

Salvadorian president Nayib bukele announced the launch of 10 year Bitcoin backed Volcano bonds last year in November

The $1 billion dollar proceeds received from the Bitcoin bonds will be used to built Bitcoin city in El Salvador

The bonds will be powered with geothermal energy generated from volcanos near Honduras border

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