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El Salvador’s Bid to Become the Bitcoin Capital
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The country made history in 2021 by adopting BTC as a legal tender. It is now aiming to surpass Bhutan in BTC per capita.
The plan is to install Bitcoin nodes in every household. This will decentralize the nation’s wealth and place it in the hands of its citizens.
Bukele’s Strategy: Democratizing Bitcoin and Building a Decentralized Economy
By bringing BTC nodes directly into homes, the country hopes to democratize access to the digital currency. This will create a more decentralized and inclusive economy. This move will empower citizens to participate in a global digital financial system. All of this while bypassing traditional banking infrastructure.
El Salvador’s commitment to BTC is further demonstrated by its $582 million in Bitcoin reserves. The country is also making daily Bitcoin purchases to build on its holdings.
EL SALVADOR’S BOLD VISION: A BITCOIN NODE IN EVERY HOME
President Bukele plans to transform El Salvador into the world’s first true Bitcoin nation, aiming to surpass Bhutan in BTC per capita.
The strategy?
Install Bitcoin nodes in every household, effectively… pic.twitter.com/CXEKcHLFpo
— Mario Nawfal (@MarioNawfal) January 15, 2025
Max Keiser, a well-known BTC advocate, put it best when he said: “They’re achieving the American dream through Bitcoin.” While this statement may raise eyebrows for some, it speaks to the transformative power of Bitcoin.
More About El Salvador & Bitcoin
On January 14th, 2025, El Salvador added another BTC to its strategic reserve, bringing the total amount to 6,028.18 BTC. This move reflects the country’s ongoing commitment to strengthening its BTC reserves as part of President Bukele’s broader strategy.
1 more bitcoin added to our strategic reserve:
14 January 2025
Total BTC: 6,028.18Get ready for good times!
pic.twitter.com/9tlBqa1nnN
— The Bitcoin Office (@bitcoinofficesv) January 14, 2025
By steadily increasing its holdings, El Salvador is reinforcing its position as a global leader in Bitcoin adoption.
Disclaimer
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January 15, 2025 at 08:00AM
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