Nayib Bukele: “El Salvador’s profit from Bitcoin is much higher than the stated figures”

Nayib Bukele wrote on social media X that El Salvador has been receiving Bitcoin income from various sources, in addition to profits from purchased BTC, since the first cryptocurrency was recognized as legal tender in the country in September 2021.

In particular, Bukele noted the income from BTC through the passport program. We are talking about the new emigration program “El Salvador Freedom Visa”, which allows you to obtain a residence permit in the country and get a chance to gain citizenship in exchange for $1 million in bitcoins or USDT. The President also noted revenue from converting BTC into US dollars for local businesses, as well as from mining and government services related to Bitcoin.

“El Salvador is a country of bitcoins. We collect Bitcoin profits in a variety of ways. It’s been two and a half years now,” stated the publication of the Bitcoin State Office.

Recently, against the background of the growth of the crypto market and Bitcoin reaching new historical highs, Bukele announced that the country’s investments in Bitcoin have fully justified themselves.
#G-TeamNews #G-Team #BTC.😉.