El Salvador’s President, Nayib Bukele, said Monday his country has paid back $800 million on an external bond despite concerns last year the country would default due to its “bitcoin bet.” Investors h...
Tag: Nayib Bukele
El Salvador lawmakers to consider regulation for issuing digital assets
A committee within El Salvador’s Legislative Assembly is considering a long-awaited law aimed at regulating digital asset service providers and issuers in the country. The so-called ̶...
Dollar-cost Averaging Bitcoin Would’ve Saved El Salvador $18M
Bitcoin bull Nayib Bukele, El Salvador’s millennial president, finally appears ready to employ a time-tested investment strategy: dollar-cost averaging. Bukele, who led the charge for El Salvador to b...
El Salvador’s Crypto-Loving President’s New Gamble: Citizenship For Foreign Investors
Topline El Salvador’s President Nayib Bukele said in a Sunday tweet he plans to introduce a series of reforms including offering citizenships to foreign investors, another step for the populist leader...
El Salvador President Reveals ‘Gigantic’ Bitcoin Bet As Ethereum, BNB, Solana, Cardano And XRP Rally
Bitcoin and cryptocurrency prices have begun to bounce back following a major sell-off through January (possibly helped by some huge price predictions). The bitcoin price is up almost 10% since this t...
IMF Believes In Bitcoin Wallet For El Salvador But Not Legal Tender Status
In a press release today, the International Monetary Fund (IMF) Executive Board (Board) concluded a 2021 ‘Article IV Consultation’ with El Salvador, where recommendations on the country’s economic pol...
El Salvador Buys $15 Million Worth Of Bitcoin ‘Really Cheap,’ President Crows, As Selloff Continues
Topline El Salvador, the first country to adopt bitcoin as legal tender, purchased 410 bitcoin for $15 million Friday with the currency trading at its lowest point in six months, President Nayib Bukel...
‘Huge Surprise’—El Salvador’s President Issued Six Big Bitcoin Predictions As The Price Of Ethereum, BNB, Solana, Cardano And XRP Limp Into 2022
Bitcoin and cryptocurrency had their biggest year ever in 2021 with El Salvador becoming the world’s first country to adopt bitcoin as legal tender (though not everyone is convinced). Subscribe ...