El Salvador's Bitcoin Bonds Approved for Q1 Launch, Attracting Bitcoin Millionaires

El Salvador's Bitcoin bonds, also known as "Volcano Bonds," have received regulatory approval from the country's Digital Assets Commission and are expected to launch in Q1 2024. The bonds will be issued on the Bitfinex Securities Platform and will last for 10 years, offering a 6.5% annual return to holders. This marks the beginning of Bitcoin-based capital markets in El Salvador, supporting the country's pro-Bitcoin initiatives, including the construction of "Bitcoin City" and a recent $1 billion Bitcoin mining project.