The article discusses a proposal by Max Keiser, cryptocurrency advisor to President Nayib Bukele of El Salvador, to make the country a pioneer in nation-state debt issuance to purchase bitcoin. Keiser suggests that El Salvador should issue debt to expand its current bitcoin purchase program and grow its bitcoin holdings. While this proposal is not confirmed, it raises the possibility of developing nations adding bitcoin to their reserves. El Salvador, with its regulatory framework and previous bitcoin adoption, could be well-positioned for such a move. The article suggests that there may be demand for a country-issued bitcoin collateralized debt instrument.



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