BTC054: A Sovereign Bitcoin Bond in El Salvador w/ Adam Back & Samson Mow (Bitcoin Podcast)

The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.6 • 3.6K Ratings

🗓️ 1 December 2021

⏱️ 84 minutes

🔗️ Recording | iTunes | RSS

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Summary

IN THIS EPISODE, YOU’LL LEARN: 01:10 - How did the coordination with El Salvador to create this bond come about? 01:10 - How is the bond backed? 02:55 - What's the terms of the issuance? 08:23 - What's the conservative return expected from the issuances? 12:33 - Why would someone buy this bond over just owning Bitcoin? 29:16 - How is citizenship incorporated into the bond? 36:46 - Where can a person buy it? 36:46 - How can they buy it? 46:26 - Sovereign competition for regulatory considerations. 52:08 - Bitcoin City in El Salvador. 58:28 - What's the liquidity going to be like? *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Adam Back's Twitter. Samson Mow's Twitter. Blockstream. Blockstream's Podcast. If you're new to the show and don't know where to begin listening, check out our We Study Billionaires Starter Packs. Browse through all our episodes (complete with transcripts) here. 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Transcript

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0:00.0	You're listening to TIP.
0:02.0	Hey everyone, welcome to this Wednesday's release of the podcast where we're talking about
0:06.1	Bitcoin.
0:07.1	Today's two guests are sure making a stir in the global economy lately.
0:11.1	I have with me, Dr. Adam Back and Samson Mao here to talk about their big joint announcement
0:16.5	they made with the country of all Salvador to issue the first sovereign bond that's backed
0:21.8	by Bitcoin mining and a special Bitcoin coupon payment.
0:26.0	During the show we get into the specifics of the issuance, why it's unique, why someone
0:30.0	might be interested in buying the security over just owning Bitcoin among many other topics.
0:35.7	This one sure doesn't disappoint, so without further delay, let's get to it.
0:39.5	You're listening to Bitcoin Fundamentals by THE Investors Podcast Network.
0:48.0	Now for your host, Preston Pish.
1:01.4	Alright so here I am with Samson Mao, Adam Back, like we said in the intro, guys, welcome
1:06.1	to the show.
1:07.7	Thanks Preston.
1:08.7	Thanks for having us on.
1:10.2	Absolutely.
1:11.2	So you guys were really creating a stir.
1:14.5	Samson, you're down there in El Salvador up on the stage with the president himself.
1:20.0	Talk us through the lead up to this issuance.
1:23.2	So I know Adam was on the show, I don't know, a quarter ago, a half a year ago, and we
1:28.6	were talking about the block stream mining note and how this idea of issuing debt that's
	...

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