as We indicated Above in the Arab Bitcoin website, El Salvador was scheduled to issue a billion dollar bitcoin bond, but it does not appear that things have materialized according to the set schedule.

As reported by ReutersAlejandro Zelaya told El Salvador’s finance minister that they would wait for favorable market conditions to bring these bonds to market.

The government had earlier planned to launch the bonds between March 15-25.

However, rising inflation and geopolitical uncertainty have put more pressure on risky assets such as cryptocurrencies and thus prevented the continued supply of bitcoin bonds in El Salvador.

According to a Reuters report, the launch of Bitcoin bonds may be postponed to September this year.

Read:Hackers steal more than 200 million dollars from trading platforms, including platforms in the Middle East

El Salvador’s Finance Minister added:

In May or June, market variables will be a little different.

Does El Salvador Have Enough Demand for Its Bitcoin Bonds?

It appears that investors are still divided over the demand for El Salvador bonds.

As we mentioned in previous articles on Arab Bitcoin, some retailers in El Salvador have expressed interest, while a large number of institutional players are waiting.

El Salvador plans to restructure its sovereign debt by issuing bitcoin bonds.

Some major financial bodies such as the International Monetary Fund have asked El Salvador to reverse its decision to make Bitcoin legal tender.

On the other hand, other countries such as Mexico are seeking to adopt a similar path to El Salvador and legalize bitcoins.

Read:Microsoft employee jailed for stealing $10 million in bitcoin

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