Adam here. 

El Salvador’s bet on Bitcoin looks good again following the recent rally above $40,000. Its Bitcoin investments are now worth over $120 million.

The country’s government is now planning another bold Bitcoin move — Volcano Bonds. The bonds are due to go live in 2024 after approval from the Digital Assets Commission, further fuelling President Nayib Bukele’s crypto push.

El Salvador has also launched a path for a citizenship to anyone who invests more than $1 million in Tether or Bitcoin.

Have a great weekend!

DL News columnist Wolfgang Münchau wrote about the late Charlie Munger and his views on Bitcoin.

Looking for the best crypto gifts this Christmas? DL News has you covered

Christmas is only two weeks away, so time to start shopping to fill up those stockings.

Let’s depose the kings of crypto

The rate of inflation of crypto royalties is too high, writes DL News ombudsman Robert Holloway. While it may be convenient to refer to the likes of Changpeng Zhao and Sam Bankman-Fried as crypto kings, Holloway warns against it.

Tweet of the week

This week’s Tweet of the week is a meme which might be a bit old but it still checks out. Shout out to all the DL News editors helping us get our end of year stories over the line!