Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: Sophie Robert on August 16, 2023, 09:19:16 AM
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El Salvador’s dollar bonds have seen a 70% return, making them the best-performing in emerging markets and drawing the attention of JPMorgan, Eaton, and PGIM. Despite initial disquiet over the country’s financial strength after adopting Bitcoin, notable investors have either accepted or considered investing in El Salvador’s debt, showing confidence in its upward trajectory. President Nayib Bukele has taken a big bet on Bitcoin, orchestrated two debt buybacks, and recruited an ex-IMF veteran as an advisor to alleviate apprehension in the bond market.
- El Salvador's dollar bonds are yielding 70% annually, turning the heads of Wall Street giants such as JPMorgan Chase.
- President Nayib Bukele's commitment to debt repayment is easing bondholder fears and attracting further investment.
- Bukele's Bitcoin investments are still down almost 30% with a dollar cost average of $41,240 per coin.