This week on “Opinionated,” we sit down with David Z. Morris, CoinDesk’s chief insights columnist.DZM gives us the highlights and lowlights from 2021, and looks ahead to 2022.His highlight? El Salvador.“For me, the bitcoin policy in El Salvador was the landmark moment of the year,” he says.El Salvador has been buying bitcoin at a rapid clip, attracting bitcoin entrepreneurs. It … [Read more...] about El Salvador’s Landmark, Elon Musk’s Lowlight, and the Coming Layer 1 Wars
Salvadors
Behind the Scenes of El Salvador’s Bitcoin Bond With the Man Who Designed It
Still, there are plenty of questions about the functional details of the bond, and a lot of unknowns about its real impact. To find out more, I recently spoke with Samson Mow, CEO of Blockstream. Mow and Blockstream acted as advisors on the design of the bond, and the bond will be issued using Liquid, a bitcoin-based service created by Blockstream. But Blockstream won’t be … [Read more...] about Behind the Scenes of El Salvador’s Bitcoin Bond With the Man Who Designed It
Blame the Bitcoin Bond? El Salvador’s Dollar-Denominated Debt Slides
“Bitcoin’s drop definitely adds some pressure, as does thin year-end markets (credit, equity and commodities),” Ostwald said. Steve Hanke, a professor at Johns Hopkins University in Baltimore, voiced similar opinion on Twitter, while drawing attention to widening El Salvador-U.S. yield spreads. Source link … [Read more...] about Blame the Bitcoin Bond? El Salvador’s Dollar-Denominated Debt Slides
Bank of England chief expresses concern over El Salvador’s Bitcoin experiment
Speaking at the Cambridge University students union on Thursday, Bank of England Chief Andrew Bailey expressed worry for the citizens of El Salvador following the country’s adoption of Bitcoin as legal tender.Bailey said the move to adopt Bitcoin within a dual currency system was concerning, while also adding that volatility would impact most detrimentally.This isn’t the first … [Read more...] about Bank of England chief expresses concern over El Salvador’s Bitcoin experiment
Are El Salvador’s Bitcoin ‘Volcano Bonds’ an End Run Around the IMF?
This episode is sponsored by NYDIG.Download this episodeToday on “The Breakdown,” a check in on El Salvador, where President Nayib Bukele has just announced “Bitcoin City,” a new community that will feature no income or capital gains tax and be designed to attract talent from around the world. The effort is being funded in part by a $1 billion bond that some are calling the … [Read more...] about Are El Salvador’s Bitcoin ‘Volcano Bonds’ an End Run Around the IMF?