The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network BTC054: A Sovereign Bitcoin Bond in El Salvador w/ Adam Back & Samson Mow (Bitcoin Podcast)
Dec 1, 2021
Adam Back, a pioneer in Bitcoin development, and Samson Mow, a key player in the El Salvador Bitcoin bond initiative, delve into the groundbreaking Bitcoin bond in El Salvador. They discuss how the bond ties to citizenship and offers unique investment perks. Listeners will learn about expected returns, regulation challenges, and why this bond might appeal over direct Bitcoin ownership. They also explore the ambitious Bitcoin City project and the innovative financial landscape shaping El Salvador's economy.
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Positive Real Yield
- Consider the El Salvador bond for its real yield and the potential for a special Bitcoin coupon.
- Unlike most other bonds currently offering negative real yields, this one has a slightly positive real yield.
Residency, Not Citizenship
- The bond offers permanent residency in El Salvador, not immediate citizenship, potentially leading to it later.
- This offers a streamlined path to residency, combined with an investment vehicle, and is priced lower than other methods.
Company Relocation
- Relocating an established company to El Salvador could create tax issues for existing shareholders.
- However, for new crypto exchanges or hedge funds seeking favorable regulations, it presents an attractive option.