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Nayib Bukele and Bitcoin
This is the story of Nayib Bukele, the president of El Salvador. In 2021, as one of Bukele’s intiatives, El Salvador became the first country in the world to adopt Bitcoin as legal tender. Bukele gave citizens of El Salvador $30 worth of Bitcoin that they could spend via the Chiva App and Chiva wallets. Restaurants and shops were instructed to accept payments in Bitcoin. In an extremely bold and courageous move for a political leader Bukele started using the country’s money to invest directly in Bitcoin in the hope of making a profit. He received considerable criticism from around the world for doing so but at the time of writing (December 2023) this has proven to be a successful move.
Please watch the video to discover the full story of Nayib Bukele’s investment in Bitcoin. After you have watched the video, please let me know your thoughts in the comments under this post or under the video on YouTube.
I believe that with Cryptocurrency regular people have the opportunity to change their financial future within a 3 -5 year timespan. That is why I am so passionate about the sector.
Next Steps
Have you invested in Bitcoin? Will you invest before the Bull Run starts next year? Let me know in the comments section below.
Also, get in touch if you would like my help. My email address is mike@learnmoney.info
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My aim with each blog post is to help you move to a better financial future. I believe that there is not enough financial education in the national curriculum and I intend to share anything helpful that I have learned along the way. I am by no means a financial expert. None of the information on this website constitutes financial advice and is provided as general information only. This is my personal finance blog; my marketing blog is over here and I have been blogging there since 2010. I hope you have found this information useful. Thank you for reading.
Best regards,
Mike
