1 year ago
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The post El Salvador’s Bond Rally Attracts Financial Giants Amid Bitcoin Adoption! appeared first on Coinpedia Fintech News
El Salvador’s dollar bonds have seen a 70% return, making them the best-performing in emerging markets and drawing the attention of JPMorgan, Eaton, and PGIM. Despite initial disquiet over the country’s financial strength after adopting Bitcoin, notable investors have either accepted or considered investing in El Salvador’s debt, showing confidence in its upward trajectory. President Nayib Bukele has taken a big bet on Bitcoin, orchestrated two debt buybacks, and recruited an ex-IMF veteran as an advisor to alleviate apprehension in the bond market.
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