SAN SALVADOR, El Salvador—President Nayib Bukele referred to as Canadian videogame developer and bitcoin fanatic Samson Mow up on stage at a beachside bitcoin conference in November that had the aptitude of a rock live performance.
In entrance of a display screen emblazoned with the phrase “Really feel the Bit,” Mr. Mow unveiled the tiny Central American nation’s novel worldwide finance concept: a plan to boost $1 billion by issuing the world’s first bitcoin-backed sovereign bond. The group, a mixture of principally crypto advocates, Bukele followers and some curious locals, erupted in loud cheers as they filmed the occasion on their smartphones.
