This newsletter is sponsored by PHEMEX, the world's best crypto exchange for both spot and leverage. Sign up with the link above and get some free Bitcoin - up to $3600 worth. I really encourage you to check them out.El Salvador is making history. Again.This summer, El Salvador became the first country to officially buy Bitcoin as an investment, a huge leap forward for our nascent asset.Now the country has set another milestone.Rather than turning to the banks or the private sector to raise capital, the sovereign nation is turning to an open-source, inclusive, and decentralized system to issue bonds.Bitcoin.Through the Liquid Network, a $1B Bitcoin-backed bond will be issued by the government, split evenly between a Bitcoin allocation and Bitcoin infrastructure plan.In other words, the government is going into debt in order to raise money and fund their Bitcoin pursuits. Absolutely incredible. This is a high-risk, high-reward play. Doubling down and going into debt on any investment is risky, especially for a country. This is exciting, as it offers a glimpse into the future of finance. The details of the bond are largely private at the moment, but what we do know is that there will be “special dividends dispersed on an annual basis and the minimum investment is as low as $100.”This bond was not the only major announcement made by President Nayib Bukele during the special event. They are also founding the first-ever “Bitcoin City.” Built in the shape of a coin, the city will be located near a volcano off of the southeast coast of the country, with the intention of harnessing its geothermal power. You’re probably wondering what makes the city special?0% Income Tax0% Capital Gains Tax0% Property Tax0% Payroll Tax0% Municipal Taxes0% CO2 EmissionsThe only tax is a valued added tax (VAT), a tax on goods and services. We have seen countries offer unique investment incentives to attract foreign investors, but we have never seen a push this progressive. President Bukele described the city as “residential areas, commercial areas, services, museums, entertainment, bars, restaurants, airport, port, rail - everything devoted to Bitcoin.” No two countries will follow an identical Bitcoin path. The passion and creativity shown by El Salvador will likely inspire decision-makers around the world to take equally bold steps in the future.In This Issue:El Salvador Is Setting The StandardBitcoin Thoughts And AnalysisAltcoin ChartsLegacy MarketsIs An Ethereum Killer Here?Doge And Shiba Are The Top Searched CoinsMy Recommended Platforms And ToolsIF YOU HAVE ANY ISSUE WITH THE NEWSLETTER OR YOUR SUBSCRIPTION, PLEASE CONTACT: PREMIUMSUPPORT@GETREVUE.CO
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The Wolf Den #376 - El Salvador Is Setting…
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This newsletter is sponsored by PHEMEX, the world's best crypto exchange for both spot and leverage. Sign up with the link above and get some free Bitcoin - up to $3600 worth. I really encourage you to check them out.El Salvador is making history. Again.This summer, El Salvador became the first country to officially buy Bitcoin as an investment, a huge leap forward for our nascent asset.Now the country has set another milestone.Rather than turning to the banks or the private sector to raise capital, the sovereign nation is turning to an open-source, inclusive, and decentralized system to issue bonds.Bitcoin.Through the Liquid Network, a $1B Bitcoin-backed bond will be issued by the government, split evenly between a Bitcoin allocation and Bitcoin infrastructure plan.In other words, the government is going into debt in order to raise money and fund their Bitcoin pursuits. Absolutely incredible. This is a high-risk, high-reward play. Doubling down and going into debt on any investment is risky, especially for a country. This is exciting, as it offers a glimpse into the future of finance. The details of the bond are largely private at the moment, but what we do know is that there will be “special dividends dispersed on an annual basis and the minimum investment is as low as $100.”This bond was not the only major announcement made by President Nayib Bukele during the special event. They are also founding the first-ever “Bitcoin City.” Built in the shape of a coin, the city will be located near a volcano off of the southeast coast of the country, with the intention of harnessing its geothermal power. You’re probably wondering what makes the city special?0% Income Tax0% Capital Gains Tax0% Property Tax0% Payroll Tax0% Municipal Taxes0% CO2 EmissionsThe only tax is a valued added tax (VAT), a tax on goods and services. We have seen countries offer unique investment incentives to attract foreign investors, but we have never seen a push this progressive. President Bukele described the city as “residential areas, commercial areas, services, museums, entertainment, bars, restaurants, airport, port, rail - everything devoted to Bitcoin.” No two countries will follow an identical Bitcoin path. The passion and creativity shown by El Salvador will likely inspire decision-makers around the world to take equally bold steps in the future.In This Issue:El Salvador Is Setting The StandardBitcoin Thoughts And AnalysisAltcoin ChartsLegacy MarketsIs An Ethereum Killer Here?Doge And Shiba Are The Top Searched CoinsMy Recommended Platforms And ToolsIF YOU HAVE ANY ISSUE WITH THE NEWSLETTER OR YOUR SUBSCRIPTION, PLEASE CONTACT: PREMIUMSUPPORT@GETREVUE.CO