Trending Topic: El Salvador Pays Debts In Full As Bitcoin Continues To Rise


We've curated a list of the most popular news articles and tweets on the following trending topic - El Salvador pays debts in full as Bitcoin continues to rise.

El Salvador, the first country to use Bitcoin as a legal tender, earlier this month passed another legislation to establish a legal framework for a Bitcoin-backed bond known as Volcano Bond. Through this bond El Salvador plans to pay its sovereign debt, sponsor the Bitcoin city construction and create Bitcoin mining infrastructure.

El Salvador president Nayib Bukele in a tweet thread has confirmed that the country has fully paid its $800 million Eurobond repayment due in January 2023. This is a major achievement for the country, especially after its “Bitcoin (BTC/USD) bet” that attracted a lot of criticism from the likes of the International Monetary Fund (IMF).

El Salvador has repaid $800 million bond issue set to mature on Tuesday, with Bukele taking time to address critics.

President Bukele and Finance Minister Zelaya disclosed that El Salvador paid its $800 million bond plus interest.

Nayib Bukele lashed out at reports of its defaults and announced that El Salvador paid the $800 million debt in full.

The president took the media to task for not covering the repayment.

The President of El Salvador has struck back at legacy media and told the world his nation was able to meet its financial obligations.

Nayib Bukele, the President of El Salvador, took to Twitter to announce that an $800 billion bond was paid with interest, and that his country's “Bitcoin bet” continues. President Bukele was more than a little surprised at what he called the “Literally, hundreds of articles” that were written by the mainstream media stating that El Salvador was going to default on its debt.

Despite the skepticism expressed by significant national and international media outlets that the “El Salvador government was in default,” President

El Salvador President Nayib Bukele took a dig at legacy international news outlets for their reports about the country's debt situation. What Happened: Bukele said legacy international news outlets incorrectly blamed El Salvador's debt situation on its Bitcoin (CRYPTO: BTC) bet.


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