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The fast-paced program is the quintessential market close show leading up to the final minutes and seconds before the closing bell on Wall Street with the latest news, data and expert analysis.
Insight and analysis of top stories from our award winning magazine “Bloomberg Businessweek”.
Agro-mining is the process of growing plants that absorb metals from the ground. The science is solid, but will this innovation ever be scalable enough to reduce traditional, destructive mining practices?
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Michael D McDonald
Welcome to Bloomberg Crypto, our twice-weekly look at Bitcoin, blockchain and more. If someone forwarded this to you, sign up here. In today’s edition, Michael McDonald checks in on El Salvador’s Bitcoin experiment:
If there’s one world leader hoping for a Bitcoin price surge, it’s El Salvador President Nayib Bukele. His government is currently down about 35%, nearly $40 million, on the 2,301 Bitcoin he has bought with public funds since making it legal tender last year. The nation’s finance minister said Bitcoin’s price dip has even scared away potential buyers of a planned $1 billion Bitcoin-backed bond. Worse yet, the gambit seems to have cost his administration a much-needed program with the International Monetary Fund, which urged him to drop his crypto push. The ratings agencies aren’t impressed either and have downgraded the nation deep into junk territory. Its dollar bonds are trading at record lows.
