What is a Bitcoin Bond？ On the evening of November 20th local time, El Salvador's President Nayib Bukele announced at the Bitcoin conference LABITCONF that El Salvador will issue a $1 billion bond with a ten-year maturity and 6.5% coupon. The funds raised from the bond will be used to build a city called "Bitcoin City," also known as the "Volcano Bond" due to the city's use of volcanic thermal energy to generate electricity. Meanwhile, El Salvador has entered into a partnership with Blockstream and iFinex (i.e., Tether and Bitfinex) in which the bonds will be issued on Blockstream's liquid chain and sold on iFinex's ... (full story)