El Salvador made news by making Bitcoin legal tender. Now it is forging into uncharted territory. The country is offering $1 billio in "Volcano Bonds". The offering was oversubscribed bu $500 million.
In this video I discuss how the crypto industry can fulfill a hige need for global finance. The fact these bonds were sucked up shows how quality, transparent collateral is absent from the market.
Here is the article cited in the video:
▶️ 3Speak
'developing' nations leading the world again.
It comes down to high-quality collateral again. I think the current debt is likely better than it was 12 years ago due to the things implemented afterward but you are right in that most of it is low quality. It makes you wonder what would happen if real estate tanked because it would affect the collateral by a lot.
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I was honored to have Samson Mow in the studio last week. He's here in the region developing the Volcano bonds. Super cool guy and hardcore Bitcoiner.
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mass adoption is getting closer. Thank you for sharing this information
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