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🌋🔥 El Salvador launches Second Bono Volcano backed by Bitcoin: Is it visionary or risky play? ⚡️
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 ($BTC ) 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 ...
💬 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.