Bitcoin bond is nonsense
Yes, El Salvador Volcano Bond sounds super exciting, but it is unfeasible.
First, I asked ChatGPT about the bond.
A bond is a debt security that pays periodic interest to bondholders and repays the principal when the bond matures. Bonds are issued by companies, municipalities, and governments to raise capital. When an investor buys a bond, they are essentially lending money to the issuer in exchange for regular interest payments and the return of principal at maturity. The issuer of the bond is obligated to pay interest and principal to bondholders on specified dates. The value of a bond can fluctuate depending on interest rates, market conditions, and the creditworthiness of the issuer.
You can see that a bond is issued from the country, which acts as a financial security to borrow money from the investors and issuer in exchange for regular interest payments.
Therefore, you are betting Bitcoin continues going up and able to pay off interest…
