Bitcoin & Crypto & NFT News
From my understanding, investors will pay 100 US Dollars worth of either US Dollars, Bitcoin, or 2 other currencies (forget which ones, maybe it was just one other one or no other ones), and then will get a 6.5% return on investment in 10 years time.
Is that investment paid back in US Dollars or Bitcoin?
And, where is the money El Salvador makes from this? From my understanding, they make money if they use the 1 Billion to buy the 500 million US Dollars worth of Bitcoin, assuming Bitcoin's price rises? Is this correct? Of course, there is the added boost to things like tourism and VAT tax.
Thank you for reading and answering if you get the chance.