1174: EL SALVADOR PROVES ITS BITCOIN SUPREMACY BY PAID OFF $800 MILLION DEBT!!
Manage episode 353472248 series 2835096
Bitcoin bull Nayib Bukele – the President of El Salvador – revealed that the government repaid its $800 million bond plus interest the same day it was set to mature.
Settling the bond comes despite the pessimistic views that the nation will experience financial challenges due to its forays with the king crypto (BTC).
"In the past year, almost every legacy international news outlet said that because of our “Bitcoin bet”, El Salvador was going to default on its debt by January 2023 (since we had an 800 million dollar bond maturing today). Literally, hundreds of articles."
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