El Salvador’s Bitcoin Bond Delays Continue; Investor Interest Wanes: Report

El Salvador’s Bitcoin Bond Delays Continue; Investor Interest Wanes: Report

President Navib Bukele announced plans to raise $1 billion via bonds backed by bitcoin (BTC) in November, shortly after El Salvador became the first country in the world to adopt bitcoin as legal tender. The offering was initially supposed to launch in early 2022, but it has faced delays, at least in part, thanks to plunging bitcoin prices.

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