El Salvador’s Bukele Mocks Fitch Over Bitcoin Birthday Cake



El Salvador President Nayib Bukele wished filmmaker Max Keiser by gifting him a special Bitcoin BTC/USD birthday cake.

What Happened: Bukele on Tuesday tagged financial rating agency Fitch on Twitter and asked them to downgrade the rating of El Salvador as it purchased a Bitcoin cake for Keiser.

This comes after a day Bukele took a dig at legacy international news outlets for their reports about the country’s debt situation.

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

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

Meanwhile, the El Salvador Legislative Assembly on Jan.11 unanimously approved a law regulating the issuance of digital assets, opening up the possibility of issuing government-backed Bitcoin bonds. 

Price Action: Bitcoin was trading at $22,741, down 1.57% in the last 24 hours, according to Benzinga Pro.

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