By Nermeen Nabil Khear 
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.
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. The post El Salvador’s Bid to Become the Bitcoin Capital appeared first on Altcoin Buzz. This articles is written by : Nermeen Nabil Khear Abdelmalak All rights reserved to : USAGOLDMIES . www.usagoldmines.com You can Enjoy surfing our website categories and read more content in many fields you may like . Why USAGoldMines ? USAGoldMines is a comprehensive website offering the latest in financial, crypto, and technical news. With specialized sections for each category, it provides readers with up-to-date market insights, investment trends, and technological advancements, making it a valuable resource for investors and enthusiasts in the fast-paced financial world.
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