El Salvador’s $1bn bitcoin-backed bond could tap deep wells of capital among cryptocurrency enthusiasts after many big international investors have shunned the project.
Demand from bitcoin “whales” — investors holding large quantities of the world’s biggest cryptocurrency — is likely to be crucial to fundraising for the bond, according to people involved with the effort.
Paolo Ardoino, chief technology officer at Bitfinex — which is set to provide the tech platform for the deal…
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