El Salvador’s Bukele Mocks Fitch Over Bitcoin Birthday Cake

El Salvador’s Bukele Mocks Fitch Over Bitcoin Birthday Cake

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El Salvador’s President Nayib Bukele Desired Filmmaker Max Kaiser by giving him something special Bitcoin BTC/USD Birthday cake.

What happened: Bukele tagged financial rating agency Fitch on Twitter on Tuesday, asking them to downgrade El Salvador’s rating for buying a bitcoin pie for Keizer.

This comes after a day of Bukele looked around at old international news agencies for their reports on the country’s debt situation.

See more: Best Crypto Day Trading Strategies

He said that although many outlets reported that El Salvador was at risk of defaulting on its 2023 bond without striking a deal with the International Monetary Fund, the country had its $800 million debt “in full … plus.” Interest” repaid.

This month, El Salvador secured a $450 million loan from the Central American Bank for Economic Integration.

Meanwhile, the El Salvador Legislative Assembly on January 11th adopted a law Regulating the issuance of digital assets, opening up the possibility of issuing government-backed bitcoin bonds.

price action: Bitcoin traded at $22,741, down 1.57% in the last 24 hours, according to Benzinga Pro.

Continue reading: Bitcoin, Ethereum, Dogecoin Slide: Analyst Says Apex Crypto Is Facing A “Very Interesting” Rally Or Short-Term Pullback

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