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How El Salvador’s Bitcoin bet is paying off

How El Salvador’s Bitcoin bet is paying off
Nayib Bukele has intensified his crypto push. Credit: Andrés Núñez/DL News.
  • El Salvador is steaming ahead with its Bitcoin strategy.
  • The country now offers crypto investors a path to citizenship.
  • That and much more in this week's Roundup.

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Adam here.

El Salvador’s bet on Bitcoin looks good again following the recent rally above $40,000. Its Bitcoin investments are now worth about $120 million.

The country’s government is now planning another bold Bitcoin move — Volcano Bonds. The bonds are due to go live in 2024 after approval from the Digital Assets Commission, further fuelling Nayib Bukele’s crypto push.

The politician has stepped down from the presidency to mount a reelection campaign for the election in February.

El Salvador has also launched a path for a citizenship for anyone who invests more than $1 million in Tether or Bitcoin.

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