- El Salvador is steaming ahead with its Bitcoin strategy.
- The country now offers crypto investors a path to citizenship.
- That and much more in this week’s Roundup.
A version of this story appeared in our The Roundup newsletter. Sign up here.
Adam here.
El Salvador’s bet on Bitcoin looks good again following the recent rally above $40,000. Its Bitcoin investments are now worth about $120 million.
The country’s government is now planning another bold Bitcoin move — Volcano Bonds. The bonds are due to go live in 2024 after approval from the Digital Assets Commission, further fuelling Nayib Bukele’s crypto push.
The politician has stepped down from the presidency to mount a reelection campaign for the election in February.
El Salvador has also launched a path for a citizenship for anyone who invests more than $1 million in Tether or Bitcoin.
Have a great weekend!
Charlie Munger’s disgust for crypto was political. But I’m keeping an open mind
DL News columnist Wolfgang Münchau wrote about the late Charlie Munger and his views on Bitcoin.
:quality(70)/cloudfront-eu-central-1.images.arcpublishing.com/dlnews/BL5O2RZYSNH4PMMLPI4ZX7DZRM.jpg)
Looking for the best crypto gifts this Christmas? DL News has you covered
Christmas is only two weeks away, so time to start shopping to fill up those stockings.
:quality(70)/cloudfront-eu-central-1.images.arcpublishing.com/dlnews/XIFIKNTJ6ZA6LO3RE6HWHYXQMQ.jpg)
Let’s depose the kings of crypto
The rate of inflation of crypto royalties is too high, writes DL News ombudsman Robert Holloway. While it may be convenient to refer to the likes of Changpeng Zhao and Sam Bankman-Fried as crypto kings, Holloway warns against it.
Post of the week
This week’s Tweet of the week is a meme that might be a bit old but it still checks out. Shout out to all the DL News editors helping us get our end-of-year stories over the line!
This news is republished from another source. You can check the original article here
