Topic: El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻 - page 2. (Read 34156 times)

Maybe most of these bloggers are sponsored by anti-Bitcoin forces who are bent on tarnishing the image of the country. How can anyone claim that the adoption of Bitcoin has not brought any positive development to El Salvador? Bitcoin has attracted many crypto investors to the country and this has created some employment opportunities. The Bitcoin visa policy has also attracted more money to the country and we shouldn't forget that the country has made some gains from their Bitcoin Investment. These bloggers should also know that Bitcoin Investment is a long-term project, so they shouldn't expect a miracle.

The most challenging thing for Nayib Bukele was accepting Bitcoin as a legal document in his country. He was alone at that time when he was caught and the entire country and international media were against him. Since he is able to come this far by accepting that challenge, it won't take much time for him to implement his next plans. All of Nayib Bukele's few Bitcoin-centric plans have come to fruition. If he has any other plans for Bitcoin in his country then those plans will be implemented gradually. 

Every country needs a president like that because to be a president you have to take risks and you have to have courage if you are afraid to do the right thing for fear of losing power you are never fit to be a president.

Currently, the president of El Salvador (Nayib Bukele) has also embraced all elements to develop every important sector in his own country. And apart from what you said, yesterday Nayib Bukele also said through his post on Twitter that they have also launched a RE PURCHASE offer for our EXTERNAL DEBT which matures in 2025 to 2029. Which can be accessed directly by all bond holders of the Republic of El Salvador publicly and voluntarily on prnewswire.com, so Nayib Bukele is truly a young president who has extraordinary thoughts in making his own country better, such as in education and other things.

The man who contributed the most to the legalization of Bitcoin in El Salvador is named Bukele. Bukele is the current president of El Salvador. Due to his relatively young age, this president has considerable propensity to take risks. He risked going against his own media and people in his own party to accept Bitcoin as a legal document in his own country. Basically he gave more importance to the educational qualification of their country because their country's education rate is very high so Bukele used this opportunity to reach the people easily. At first everyone criticizes and opposes his decisions, but later everyone realizes that the president was always right in his decisions and those who opposed him were always wrong.

How to increase velocity of #bitcoin   ? @nicolasburtey

- Don’t convert it back to fiat

- Orange pill your supplier

- Make it easier to buy bitcoin

- “Upcharge for fiat” - @BTCsessions

He's really cool imagine he's giving his people a opportunity to gain from bitcoin and that make him unique compare to other world leader since he has good vision towards future growth or tech. While other government leader seems their thinking is backwards and they want traditional that's why there are so many poor people in the world since they are not been handled well by their corrupt leaders. If global leaders will think the same with Bukele for sure there would be a great changes will happen to a lot of people especially for those people who adopt the great potential of bitcoin. But in the case of advisory I guess Bukele should work for that so they can attract a lot of bitcoin users to travel in their country.

The Salvadoran press, which opposes Nayib Bukele, reminds its readers that the country's authorities have not fulfilled their obligations to issue Volcano bonds, which administration officials, as well as Stacy Herbert and Max Keiser (ONBTC), promised to issue in the first quarter.  
The journalists found the reason for this to be that it would most likely simply not be possible to place bonds worth $1 billion or there would be too few people willing to purchase them.  Another reason is the fact that the legalization of spot Bitcoin ETFs in the USA in January automatically led to greater investor interest than such bonds.  As a result, all potential investors showed no interest in the bonds and preferred what they considered a more reliable and profitable investment in these ETFs.

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There are different opinions regarding Bukele, we like him because he is loyal to Bitcoin and because he has his own opinion, that he knows how to defend, but perhaps there are those who do not like him. I looked at reviews of bloggers who came to El Salvador, they wanted to look at the country where Bitcoin was legalized, but to be honest, I didn’t see anything there that could encourage me to come to El Salvador as well. But it is important to local residents that Bukele was able to reduce crime, and for many of them the idea of Bitcoin is not as important as security.

Bukele is very serious about his country, it's almost impossible these days to find a dictator who takes care of his country, every dictator only abuses people. Bukele is really the cool one. Highly skilled scientists, engineers, doctors and people from other major fields help the country in developing, they are the core who drive countries forward and improve our lives but I am still frightened about people who plan to move in El Salvador because it's a very dangerous country. According to travel.state.gov, El Salvador is a Level 3 (Reconsider Travel) country.

JUST IN: 🇸🇻 President Bukele announces a plan to provide 5,000 free passports as part of program to attract highly skilled scientists, engineers, doctors, artists, and philosophers from abroad.
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They will facilitate relocation by offering 0% taxes and tariffs on moving assets.
Today (Bitcoin News) a news has been published that El Salvador will distribute 5000 visas to users in Bitcoin for free. This is a good sign and I like this strategy a lot, every strategy that Nayib Bukhele has adopted has been successful.

The El Salvador Bitcoin adoption have come with a lot of emphasis and features that do not only require international politics but also some monetary financial inadequacy that have lead to so much economic crisis that have made the impact of Bitcoin adoption in the country to be perceived as negative and in such manner that the global scale are beginning to see El Salvador Bitcoin movement as a dead trap.
But what we should note in this situation is that, we have to clearly outline and itemized what the economic situation in El Salvador was before Bitcoin adoption and what are their rate of importanttion and dependency on foreign imported goods.

I think El Salvador government wants to borrow a lot of money from the IMF but they are having a tough time because of some issues with Bitcoin. El Salvador made Bitcoin legal tender a few years back but not many people there actually use it. The president Nayib Bukele s really popular because he's cracked down on gangs, which has helped the economy grow. But now the IMF wants El Salvador to make some changes like cutting spending and raising taxes which Bukele is not too keen on because it could upset people. But his recent huge win in the elections might give him some leverage in the negotiations.

🎉 𝟏 graduation with 𝟏𝟐𝟎 students in 𝟏 minute!

On Tuesday, we celebrated the final steps of our 10-week learning program from our #Bitcoin    Diploma classes.

📍  San Bartolo, El Salvador 🇸🇻
Source & Video Link: https://twitter.com/MyfirstBitcoin_/status/1775924253042397193?t=ZtTIdumyT0fiH-Ewo0Kidw&s=19
In case you didn't know: we educate an entire nation with open source materials! 🚀

El Salvador is always one step ahead in terms of Bitcoin education, because they are so trusted and a real place to be educated. Learning about Bitcoin is sure to ensure success in the future. I am more than happy with the crowd of students and the interest in learning is huge, so I hope more students will come.

 The government of El Salvador reported on the results of work over the past year in the field of economy and finance.  The year turned out to be very successful.

 El Salvador reported its fastest economic growth in 30 years in 2023 at 3.5%, according to data from the Central Reserve Bank (BCR).
 2023 was also the third year in a row that multinational companies with operations in the country reported profits in excess of $1.4 billion.  The most important thing is that these companies decided to reinvest the profits back in El Salvador instead of taking them back to their parent company.
 The basis of such positive processes, of course, is primarily the actions of the Bukele government to combat crime and create increased security.
 Also in 2023, El Salvador received $759.7 million in foreign direct investment, the highest level in the last 10 years.
 In addition, private investment is not far behind, last year amounting to $6.628 million (up 5.4%).  By the way, the forecast for 2024 is $7,400.

 The country's government firmly believes that the economic climate will improve, as well as security and tourism.  And they will be the main drivers of investment in the next five years.

 The image of “Bitcoin country” is also a fairly significant factor in this process.

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The CUBO+2024 Programm event-based classes officially started yesterday in El Salvador with a keynote speech by renowned Bitcoin Core developer Luke Dashjr. The event kicked off in the auditorium of the National Library of El Salvador yesterday with a speech by renowned Bitcoin Core developer Luke Dashjr, reflecting that the next generation will become a national asset if the younger generation is enlightened with Bitcoin education.



Famous Bitcoin Core Developer Luke Dashjr mentioned in his speech that the event program will greatly help the next generation to build a better society and country by ensuring the growing activity of Bitcoin and ensuring the widespread use of Bitcoin and Blockchain technology in the world.

They are smart enough to NOT be teaching "cryptocurrency" in schools, so surely you don't seem to know what you are talking about.

In udder words.. fuck shitcoins... hopefully you actually know the difference - but I am going to have my doubts when people choose to use the term "cryptocurrency" when we are talking about bitcoin.. what would the reason be?  Just a slip up? and why should anyone be making those kinds of supposedly "innocent" slip ups?


As I mentioned in a couple of my earlier posts, they don't really own that much BTC, given the size of their budget (annual revenues).

Can't imagine how loyal hand and keep consistency accumulate bitcoin every day did by El Savador government, seems still not has planning for selling awhile with bitcoin holding since 2021 after becoming legal payment transaction there and El Savadro president keep optimistic with bitcoin price potential in the future.
El Savador have create most amazing dreaming with braveness make bitcoin become legal payment transaction and every days since bitcoin have been legal transaction never miss for reinvesting although purchase 1 bitcoin in daily day.
The amount of 5700 bitcoins holding awhile seems get increasing more depend on Nayib Bukele keep optimistic for holding bitcoin with long term investment assets.

El Salvador's steps in creating wealth for its own generation can also be implemented by other countries if the other countries have a desire that is not much different from what El Salvador wants. It is amazing when a country has that much Bitcoin and has also implemented financial literacy and cryptocurrency in schools, because this will be quite ideal for their own generation in the future and can create independence for each citizen of the country themselves. I am not that surprised by the amount of Bitcoin owned by El Salvador because the country's government has long believed in Bitcoin and still tries to buy Bitcoin every day.

Gradually, then suddenly.
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