๐ July 8, 2025 | San Salvador, El Salvador
In a turn that puts the small Central American country under global reflectors, El Salvador officially announced its plan to issue a second volcano bonus, a financial instrument backed by Bitcoin and directly linked to the geothermal energy of its volcanoes. The news was released by the president's office through a live broadcast, in which this launch was held as a sample that the "Bitcoin strategy" is still alive and climbing, despite criticism, doubts of the IMF and the chronic volatility of crypto markets. The first volcano bonus, launched in 2022, raised about $ 500 million to build the Bitcoin City and develop renewable energy infrastructure. Now, with a second bonus on the table, the Salvadoran government seeks to capture between $ 400 and $ 800 million additional dollars, with the promise to reinvest in clean mining of Bitcoin and social projects that, according to their spokesmen, "will take prosperity to the population." The International Crypto community observes in amazement - and some skepticism - how a country of just 6 million inhabitants becomes a blockchain -based monetary policy laboratory.
The first volcano bonus was celebrated by some Bitcoin maximalists as a bold step towards the financial independence of El Salvador, but faced criticisms of traditional economists and multilateral organizations. The International Monetary Fund itself (IMF) warned several times that the state exposure to Bitcoin could generate severe tax risks and destabilize the local economy if the price of the BTC collapses. Even so, the government maintained its firm posture, buying more BTC in each market drop and promoting volcanic energy mining as a clean and sovereign alternative against fossil fuels. Now, this second bonus takes up the original โBitcoin Bondโ narrative, but with adjustments: the new terms include greater guarantees for investors, more transparent audits and a return structure that combines fixed interests and a potential dividend based on the assessment of the mining $BTC .
Critics point out that the lack of visible results of the Bitcoin City and the fall of BTC in 2022-2023 generated distrust in part of the population and the international investment community. However, some crypto analysts see a unique opportunity: if the 2025 BTC market is maintained, El Salvador could multiply its return, consolidating its image as a global pioneer for state adoption of cryptoactive adoption. The Minister of Finance insisted today that "volcanoes will continue to finance our future and prove that innovation knows no borders."
๐ Current status and possible consequences:
For now, the bonds will be issued in collaboration with Blockchain platforms and international stock market houses, seeking to attract both institutional investors and the retail crypto community. The international community is still divided: some celebrate the courage and long -term vision of El Salvador; Others fear that excessive exposure to Bitcoin makes the country hostage to the volatility of a still immature market. Global financial organizations and Risk Qualifying Agencies will review each step with magnifying glass, while other countries closely observe if to replicate - or avoid - a similar model.
Opinion of the subject:
As an analyst of the crypto ecosystem, I find it fascinating to observe how such a small country dares to experiment with financial tools that many giants even consider. Alaudatia applaud, but I also warn: without massive financial education, without radical transparency and without solid contingency plans, the dream of volcano bonds could become a debt volcano difficult to cool. This second attempt will be key to measure whether the narrative "sovereign bitcoin" is sustainable or only political marketing.
๐ฌ Do you think that El Salvador is innovating or playing with financial fire? Would you invest in a volcano bonus backed by Bitcoin? Leave me your comment with respect, your vision counts.
