in El Salvador, which made Bitcoin the official currency next to the US dollar in 2021, the country's debt bonds have provided a 70% return since the beginning of the year, while global giant corporate companies such as JPMorgan have also taken the country on their radar.
#bitcoin bonds are delayed for more than 1 year and it is still unclear when they will be released, while El Salvador's debt bonds attract the attention of important corporate companies in the world with the 70 percent yield they provide.
Investments are increasing, giants are watching
According to a report in Bloomberg, the great rally shown by bonds has led companies such as JP Morgan, Eaton Vance and PGIM Fixed to turn their eyes to the Latin American country. In addition to these companies, some companies such as Lord Abbett & Co LLC, Neuberger Berman Group LLC and UBS Group have also made bond purchases since April.
While they are opposed, they are now considering buying
The interest in these debt bonds of El Salvador, on the other hand, is actually seen as a reverse perspective to the Bitcoin move 2 years ago. the country that made Bitcoin the official currency in 2021 had attracted the reaction of the Western world. Institutions such as the IMF and the World Bank had turned off the credit taps for El Salvador and put forward a demand to abandon the Bitcoin move. Many large corporate companies that opposed the purchase of debt bonds of El Salvador are also considering buying these bonds now, based on the 70 percent return that has come in 8 months today.
When you pay off the debt, confidence increases
The Latin American country's paying off its $ 800 million debt at the beginning of the year in one go caused consternation in the world markets and thus increased confidence in the country. President Nayib Bukele, who announced that he would run again in the next elections, also said at that time, âWe misled most of the financial circles. They thought that we would not be able to pay our debt after our Bitcoin move,â he said. #Binance #BTC
