The $1 Billion Dollar Bitcoin Bond is on the way
The world has been forever changed.
El Salvador is pushing forward with a bitcoin city.
This city is going to be funded by a bitcoin bond, more details of which can be seen below:
Not sure I fully understand it all but it looks like they are going to raise a billion dollars to fund city development.
Then they will buy $500 million worth of bitcoin.
After 5 years they will start selling bitcoin to pay back the bond and any excess bitcoin will be paid out as bitcoin dividends...
Not sure I got it exactly right, but that is the gist of it.
For even more details here's the right up on the move: