Bitcoin bond set for baptism of fire

Bitcoin bond set for baptism of fire

Nayib Bukele, president of El Salvador, speaks at the closing ceremony of the Latin bitcoin conference at Mizata Beach, El Salvador, last November © Marvin Recinos/AFP/Getty

Government bond issuances are typically met with little fanfare — but that was not the case when El Salvador president Nayib Bukele announced plans for a $1bn bitcoin-backed bond, at a launch party last November.

Through smoke, fireworks, and neon lights, a jumbotron screen flashed images of a volcano erupting and…


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