meta_pixel
Tapesearch Logo
Log in
Bitcoin News Alerts | Daily BTC News

1161: EL SALVADOR PASSES LANDMARK CRYPTO BILL, PAVING WAY FOR BITCOIN BONDS!!

Bitcoin News Alerts | Daily BTC News

Justin Verrengia

Investing, Education, News, Business, Tech News

3.6626 Ratings

🗓️ 12 January 2023

⏱️ 23 minutes

🧾️ Download transcript

Summary

El Salvador has passed landmark crypto legislation providing the legal framework for a Bitcoin-backed bond — known as the “Volcano Bond” — that will be used to pay down sovereign debt and fund the construction of its proposed “Bitcoin City”. The bill passed on Jan. 11 with 62 votes for and 16 against, and is set to become law after it is ratified by President Bukele. The BTC bill passed on Jan. 11 with 62 votes for and 16 against, and is set to become law after it is ratified by President Nayib Bukele. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Good morning Bitcoin. Still above $18,000 in today's show. 13% of the Bitcoin supply returns to profit as Bitcoin sees massive accumulation. Also breaking news. U.S. CPI numbers clock in at 6.5%. I'll be breaking down what this means for the overall crypto market. Also more breaking news. DCG, the digital currency group, owes creditors over $3 billion, considering a $500 million VC portfolio of sale.

0:28.1

That's right.

0:28.5

Crypto Broker Genesis allegedly owes $900 million, the clients of cryptocurrency exchange, Gemini alone.

0:34.9

Also in today's show, SPS lawyer says $5 billion in assets have now been

0:39.7

recovered from the collapsed crypto exchange. I'll be breaking down this latest report. Also,

0:44.0

more news. Morgan Creek's CEO, Mark Yusko, predicts Bitcoin outruns gold in 2023 and says

0:49.8

risk assets repeating early 2000s, quoting him here. Gold is the ultimate arbiter of value, but I think

0:57.0

Bitcoin will be having a better year than gold. Bitcoin critic Peter Schiff is going to be crying.

1:02.2

Also in today's show, major news. El Salvador passes landmark crypto bill paving the way for Bitcoin

1:08.6

back bonds. That's right. El Salvador has passed landmark legislation

1:12.7

providing the legal framework for Bitcoin back bond, known as the volcano bond that will be used

1:17.5

to pay down the sovereign debt and fund the construction of its proposed Bitcoin City. Quoting

1:22.2

the high priest of Bitcoin, Max Kaiser, I had a vision in November 2021 that El Salvador will be the biggest story of the decade and beyond.

1:29.6

Yesterday's landmark security law

1:31.2

passed in El Salvador is just the beginning.

1:33.6

The president, Nijibo Kelly,

1:35.2

is building a sovereign masterpiece

1:37.2

will also be taking a look at the overall

1:39.3

crypto market. All this

1:41.5

plus so much more in today's show.

1:43.7

Thank you. market, all this, plus so much more in today's show.

1:54.5

Hey, what's good, Crypto fam? This is first and foremost, a video show. So if you want the full premium experience, visit our YouTube channel at CryptoNewsalerts.net. Again, that's

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Justin Verrengia, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Justin Verrengia and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.