If you want to get oil and gas from Russia, you have to pay for it in rubles; according to the head of the Kremlin, Putin, they no longer want to accept euros or US dollars. German Economy Minister Habeck speaks of a “breach of contract.” This also puts the Western sanctions regime in trouble, as rubles can only be obtained from the Russian central bank, which is, however, subject to sanctions. A neutral currency like Bitcoin could provide relief in economic wars.
When are the Bitcoin Bonds coming, Mr. Bukele?
The government of El Salvador wants to use Bitcoin Bonds to finance the Bitcoin City megaproject. Bukele wants to inject a total of one billion dollars into the state coffers with the bonds. But the matter is delayed.
Speaking of Central America: According to rumors, a neighboring state of El Salvador is considering following in the footsteps of the Bitcoin state. Honduras could become the second country to make BTC legal tender.
That and more in episode 106 of the BTC-ECHO Recap Podcast.