3min chapter

Swan Signal Live - A Bitcoin Show cover image

Adam Back and Lyn Alden - E71

Swan Signal Live - A Bitcoin Show

CHAPTER

L Salvador's Bitcoin Bond

L salvador is issuing a bond that will pay six point five % interest annually. Half of the bonds can be used to buy bitcoin, and the other half can be used for mining. The yield is lower than l salvador's other sovereign bonds. If bitcoin appreciates in price, then after a five year lock up period, investors get to participate in some of the price increase of that bick coin.

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