Tag: president bukele

Nov 23 2022

El Salvador Takes First Step To Issue Bitcoin Volcano Bonds

Nov 23 2022 Published at Bitcoin Magazine under tags  bill bitcoin bond el salvador law legal

A digital securities bill has been presented to El Salvador’s Congress, paving the way for the issuance of bitcoin-backed bonds.El Salvador's Minister of the Economy Maria Luisa Hayem Breve submitted a digital assets issuance bill to the country's legislative assembly, paving the way for the launch of its bitcoin-backed "volcano" bonds.First announced...

Nov 17 2022

El Salvador To Buy One Bitcoin Every Day: President Bukele

Nov 17 2022 Published at Bitcoin Magazine under tags  buy bitcoin dca el salvador markets news

El Salvador President Nayib Bukele yesterday announced the country would begin purchasing one bitcoin every day, starting today.Nayib Bukele, President of El Salvador, announced late last night that the country would be purchasing one bitcoin every day starting today. The move to...

Oct 14 2022

River Financial Is Powering The Chivo Wallet’s Lightning Transactions. Why?

Wait a minute, is River Financial involved in El Salvador’s bitcoin story? Since when? Apparently, the highly respected financial institution is now processing the Chivo Wallet’s Lightning transactions. Which seems like a step in the right direction, but also comes with seemingly unnecessary counterparty risk. Why isn’t El Salvador handling the operation internally? And, will River Financial improve the Chivo Wallet’s usability?...

Jul 08 2022

The New York Times’ Latest Attack On El Salvador And BTC Won’t Age Well, Pt. 2

It’s time for The New York Times’ worst lies about El Salvador. Also, for the newspaper’s counterpoint, in which they admittedly and commendably reflect favorable points of view. As we said in the previous article, “It’s important to remember that we’re less than a...

The New York Times’ Latest Attack On El Salvador And BTC Won’t Age Well, Pt. 1

The New York Times joined the rest of mainstream media in kicking bitcoin when it’s down. Even though the world’s economy is clearly in the red across the board, bitcoin deniers are having the time of their lives declaring bitcoin dead. That puts Nayib Bukele and El Salvador’s bitcoin bet in mainstream media’s sights. The title gives away The New York Times’ intentions...

Jun 04 2022

Is BTC Responsible For These ELSL Stats? Tourism, Investment, Construction Up

In a world tending towards red candles, ELSL is in the green. And not even government officials seem to believe that any of these has to do with the Bitcoin Law. The increases are not crazy, but the upward tendency is clear. The advancements in tourism, private investment, and construction are a testament to El Salvador’s consistent growth. However, the bitcoin network plays...

Jun 03 2022

Bukele: If BTC Succeeds In ELSL, “It’ll Be One Of History’s Biggest Game-Changers”

The second Nayib Bukele interview by What Bitcoin Did comes with as many quotables as the first one. This one was recorded days after the Bitcoin Law went into effect in El Salvador, so the information might feel a little dated. Especially if you’ve been following Bitcoinist’s coverage of the ELSL story...

May 27 2022

Let’s Dissect McCormack’s “Follow The Money #1” Documentary, Pt. 3- Bukele

The spotlight is on Bukele for the final part of Peter McCormack’s documentary. Here’s the first part. Here’s the second one...

May 26 2022

Let’s Dissect McCormack’s “Follow The Money #1” Documentary, Pt. 2- Underbelly

At its core, Peter McCormack’s film is about the other side of El Salvador. And he faces it head-on in the part of his “Follow The Money #1” documentary we’ll dissect today. Will the Bitcoin Law help Salvadorans who don’t care about the Internet? Can bitcoin fix every problem it encounters? In a long enough time frame, it can and it will. McCormack...

May 06 2022

Ricardo Salinas’ BTC Masterclass, Part 2: Sound Money System + Keiser & Herbert

As Mexican billionaire Ricardo Salinas continues to explain bitcoin from the private jet perspective, Bitcoinist’s companion piece to the interview continues the job we started here. Or, it might even...

May 05 2022

Ricardo Salinas’ Bitcoin Masterclass, Part 1: Fiat Fraud – w/ Keiser & Herbert

By now, Mexican billionaire Ricardo Salinas is a bitcoin staple. His keynote at the Bitcoin 2022 conference was the talk of the town, and the fact that...

Apr 26 2022

Bitcoin Still Struggling To Take Off In El Salvador

El Salvador has become a hotbed for bitcoin adoption in recent months. As a result, it may come as a surprise that Bitcoin has failed to gain traction in the country, according to a recent survey. Despite this, several businesses are optimistic that BTC will gain traction in the long run. El Salvador became the first country in the world to allow people...

Apr 12 2022

The Legendary TV Show “60 Minutes” Turns Its Eye To El Salvador’s Bitcoin Beach

It doesn’t get much mainstream than CBS’s “60 Minutes.” The legendary newsmagazine debuted in 1968 and has been going strong ever since. And now, they’re talking about El Zonte AKA Bitcoin Beach, the place where it all started. How did it start, though? Even though Bitcoinist has written extensively...

Apr 07 2022

Bitcoin 2022 Conference, Industry Day: Bukele Steps Down, Tennessee Titans & More

The Bitcoin 2022 conference started with a muffled bang. On the one hand, it generated several headlines and got people talking. On the other, the valuable content wasn’t there. And they mentioned “crypto” way too often in those first-day talks. The event is supposed to be a Bitcoin-only conference. And, while it was live and the organizers can’t control everything that happens on...

Mar 26 2022

Mexican Billionaire Ricardo Salinas Visits El Salvador, Meets With Nayib Bukele

Emerging as one of the biggest bitcoin supporters out there, Ricardo Salinas made the pilgrimage to El Salvador. The billionaire took journalists Max Keiser and Stacy Herbert on a private plane to the first country to adopt bitcoin as legal tender. There, he met with President Bukele, Binance’s CEO Changpeng Zhao, and Samson Mow among others. And, luckily for us, Salinas documented the...

Mar 23 2022

Wholeheartedly Agreeing With The Telegraph’s Latest Attack On BTC In El Salvador

The Telegraph’s latest hatchet job on El Salvador’s bitcoin strategy is right on the money. In a hilarious twist of events, mainstream media’s latest attack on the volcano bonds makes the case for bitcoin in all its glory. Everything that the article “The...

Mar 11 2022

El Salvador Pegs Bitcoin Sovereign Bond Launch Between March 15-20

El Salvador's finance minister, Alejandro Zelaya, stated on Friday that the Central American country is looking for the ideal time to introduce a bitcoin- backed bond, which might happen between March 15 and 20, depending on the outcome of the Ukraine conflict. El Salvador Bitcoin Bond To Fund Bitcoin City President Nayib Bukele plans to issue his country's first-ever $1 billion bitcoin-backed bond this...

Feb 25 2022

Since Bitcoin, Tourism Is Up By 30% In El Salvador. How Did The Media React?

Tourism is booming in El Salvador. Since September, when the Bitcoin Law went into effect, it’s up by “more than 30%.” Good news all around, right? But, how did the media react? How did they report on these numbers? We’ll find out after the quotes from Morena Valdez, Minister of Tourism, who...

News From El Salvador, Late February: Chivo Pets Exists And Celebrities Visit

While the world burns, El Salvador opens the Chivo Pets hospital. Not everything is lost. In this edition, we also highlight the famous visitors from all walks of life that have recently been to the country. And, of course, we have some feel-good stories and visit El Zonte. It’s not News From El Salvador if we don’t check with Bitcoin Beach. And yeah,...

Feb 18 2022

How Loaded Is The WSJ’s Latest Article On El Salvador’s Bitcoin Adoption? VERY

The WSJ proves once again that the Bitcoin Law in El Salvador is still the story of the century. Their latest article about it is… a little one-sided. The WSJ and other legacy publications are losing their minds. The press could focus on the legitimate criticism that President Bukele’s government gets, but no, they have to mix it with saltines, bitcoin clichés, and...

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