- Written by: Lewis Etherington
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Volcano Bonds & The Bitcoin City
El Salvador and its president, Nayib Bukele, have made headlines around the world numerous times in the past 12-18 months, with radical plans and announcements for the direction of El Salvador and its economy. Bukele lead the way in granting Bitcoin legal tender status in El Salvador in September of 2021, the first country in the world to do so, followed by announcing plans in November of that year to issue 1 billion dollars' worth of bonds, backed by Bitcoin, to fund his ‘Bitcoin city’ dream.