El Salvador: A $1B Bitcoin bond, to set up ... Bitcoin City!

"Mow says all the numbers work out if BTC hits $1 million within five years."

So for the numbers to work out, BTC must increase in price by 1,600% - amazing plan.

sjtindell · 4 years ago

You’re talking about an asset that you could have bought on 90% of the days in the last 10 years and made a profit. That has seen at least 50,000% or more gains in that timeframe.

1270018080 · 4 years ago

At no time since the tulip bubble has the phrase "past returns are not indicative of future performance" been more relevant.

bdcravens · 4 years ago

Yes, but there's diminishing returns as the price gets higher.

imtringued · 4 years ago

Ok, but if it goes up that much, why would anyone want to use it as legal tender?

tomdell · 4 years ago

tibanne · 4 years ago

I wonder how much el presidente is getting from BlockStream.

hereme888 · 4 years ago

Can't help but remember how people hated on Bukele when he bought BTC in the 28-32k range...we'll see how it works out in the next 2 years.

Since large institutional investment in BTC keeps increasing, I think the project will do well.

bellyfullofbac · 4 years ago

Someone want to remix The Monorail Song? https://www.youtube.com/watch?v=ZDOI0cq6GZM

Make an NFT out of it and you'll be rich!

mvindahl · 4 years ago

Tired: Fyre Festival

Wired: Coinbros on Fire Festival

Dead Comment