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[Beheerder]

[Beheerder]

[Beheerder]

[Beheerder]

WTF die Bukele is dus de president van El Salvador.

[Beheerder]

[ZyppBe]

El Salvador’s Bitcoin Losses Are Equal to Next Bond Payment
- Nation lost about $40 million with crypto since September
- Country has to pay $38 million to bondholders in mid June

...

Prices on the country’s foreign debt tumbled about 18% this year, leaving bonds due in 10 and 30 years trading at around 40 cents on the dollar, deep into distressed territory. The next principal payment is in January for $800 million. The 22% price discount at which the notes are trading suggests some hesitation from investors on whether the obligation will be met.

Acevedo said that he thinks the government will be able to make the maturity payment with a combination of loans and cash reserves, a potential pension reform or tapping its special drawing rights with the IMF. Bukele will likely seek re-election and “doesn’t want to bear the political cost of a default,” Acevedo said.

El Salvador owes bondholders $382 million in interest this year, with July being the heaviest month for payments as $183 million comes due. The nation had $3.4 billion in reserves in April, according to the central bank, and the government plans to raise $1 billion with the Bitcoin-backed bond, though it’s not clear at this point whether the transaction will go through.

The nation was also in talks with the International Monetary Fund for an extended fund facility, but negotiations stalled after Bukele adopted the cryptocurrency as a legal tender. Since then, the spreads on the nation’s credit default swaps -- a type of insurance against missed payments -- have risen more than 20 percentage points, implying an 87% chance of a default in the next five years.

https://www.bloomberg.com/news/articles ... nd-payment

[Beheerder]

@ZyppBe ik begrijp die president niet, dat hij bijvoorbeeld aandelen zou kopen ok maar cryptocurrency met alle onzekerheid dat kan ik niet begrijpen al zou het een stunt zijn als BTC ooit toch de $100.000 kan bereiken (ik geloof er steeds minder in).

[Pidb]

Of ze nu bitcoins kopen of nieuwe keukens installeren, voor de burger maakt dat in the end niet uit

[putbruy]

Meystad speculeerde ooit op wisselkoersen met 100 miljoen verlies...

Bitcoins of cryptomunten voor mij blijft het een schemerzone tussen beleggen en criminele organisaties

[Beheerder]