El Salvador's Bukele Says Waiting For Fitch Downgrade After Gifting Bitcoin-Themed 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.

Waiting for @FitchRatings to downgrade El Salvador’s credit rating because we bought a #Bitcoin cake 😅 https://t.co/V1DsZoRwSy

— Nayib Bukele (@nayibbukele) January 24, 2023

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."

Well, we just paid in full, 800 million dollars plus interest.

But of course, almost nobody is covering the story.

I just found one, yes ONE, in spanish, from Colombia https://t.co/PcRES3poE1

They lie and lie and lie, and when their lies are exposed, they go on silence mode.

— Nayib Bukele (@nayibbukele) January 24, 2023

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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