Because El Salvador is a country that is in danger of defaulting on its debt. Netflix is just a company.
The problem with fake news is it sounds real.
The government is issuing Bitcoin-backed bonds. Subsequently the market has sold off El Salvador’s 10Y traditional bonds to a level that increases the yield to 24%, representing the very high amount of risk of default the market is assigning to El Salvador. Is that all because of the Bitcoin investment or a more general distrust that the government is making sustainable moves? Hard to say.