* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Saturday, September 13, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Entertainment Community Fund Launches Program Supporting Entrepreneurs – Playbill

    Entertainment Community Fund Unveils Exciting New Program to Empower Entrepreneurs

    Behind the turntables: DJ Johnny Kage’s story of perseverance – yahoo.com

    Behind the Turntables: DJ Johnny Kage’s Inspiring Journey of Perseverance

    The other WWE star James Gunn wanted for Peacemaker instead of John Cena – yahoo.com

    The WWE Star James Gunn Originally Wanted for Peacemaker Instead of John Cena

    Quinta Brunson, John Stamos Join Entertainment and Technology Summit – Variety

    Quinta Brunson and John Stamos to Headline Thrilling Entertainment and Technology Summit

    ‘Breaking Bad’ star arrested for incident with neighbor. Here’s the latest – PennLive.com

    Breaking Bad’ Star Arrested Following Neighbor Dispute: Latest Updates

    Palmetto Sports & Entertainment to air Columbia Fireflies playoff games – WIS News 10

    Catch Every Thrilling Moment: Palmetto Sports & Entertainment to Broadcast Columbia Fireflies Playoff Games!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Aston Martin to integrate Pirelli’s cyber tyre technology in future models – Just Auto

    Aston Martin to Revolutionize Future Models with Pirelli’s Cutting-Edge Cyber Tyre Technology

    Figure Technology’s stock sizzles after IPO, as investors stay hungry for crypto deals – MarketWatch

    Figure Technology’s Stock Skyrockets After IPO Amid Surging Crypto Investor Excitement

    AI is the ‘most transformational technology’ in our lifetime, AMD CEO argues – Fox Business

    AMD CEO Declares AI the Most Transformative Technology of Our Era

    PAR Technology (PAR) Unveils AI-Powered Assistant Enhancing Restaurant Operations and Customer Engagement – simplywall.st

    PAR Technology Unveils AI-Powered Assistant to Revolutionize Restaurant Operations and Boost Customer Engagement

    Lincoln Laboratory technologies win seven R&D 100 Awards for 2025 – MIT News

    Lincoln Laboratory Technologies Secure Seven Prestigious R&D 100 Awards for 2025

    ASE Technology (ASX) Hits Record High on AI Fuel – uk.finance.yahoo.com

    ASE Technology Rockets to New Heights Driven by Game-Changing AI Breakthroughs

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Entertainment Community Fund Launches Program Supporting Entrepreneurs – Playbill

    Entertainment Community Fund Unveils Exciting New Program to Empower Entrepreneurs

    Behind the turntables: DJ Johnny Kage’s story of perseverance – yahoo.com

    Behind the Turntables: DJ Johnny Kage’s Inspiring Journey of Perseverance

    The other WWE star James Gunn wanted for Peacemaker instead of John Cena – yahoo.com

    The WWE Star James Gunn Originally Wanted for Peacemaker Instead of John Cena

    Quinta Brunson, John Stamos Join Entertainment and Technology Summit – Variety

    Quinta Brunson and John Stamos to Headline Thrilling Entertainment and Technology Summit

    ‘Breaking Bad’ star arrested for incident with neighbor. Here’s the latest – PennLive.com

    Breaking Bad’ Star Arrested Following Neighbor Dispute: Latest Updates

    Palmetto Sports & Entertainment to air Columbia Fireflies playoff games – WIS News 10

    Catch Every Thrilling Moment: Palmetto Sports & Entertainment to Broadcast Columbia Fireflies Playoff Games!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Aston Martin to integrate Pirelli’s cyber tyre technology in future models – Just Auto

    Aston Martin to Revolutionize Future Models with Pirelli’s Cutting-Edge Cyber Tyre Technology

    Figure Technology’s stock sizzles after IPO, as investors stay hungry for crypto deals – MarketWatch

    Figure Technology’s Stock Skyrockets After IPO Amid Surging Crypto Investor Excitement

    AI is the ‘most transformational technology’ in our lifetime, AMD CEO argues – Fox Business

    AMD CEO Declares AI the Most Transformative Technology of Our Era

    PAR Technology (PAR) Unveils AI-Powered Assistant Enhancing Restaurant Operations and Customer Engagement – simplywall.st

    PAR Technology Unveils AI-Powered Assistant to Revolutionize Restaurant Operations and Boost Customer Engagement

    Lincoln Laboratory technologies win seven R&D 100 Awards for 2025 – MIT News

    Lincoln Laboratory Technologies Secure Seven Prestigious R&D 100 Awards for 2025

    ASE Technology (ASX) Hits Record High on AI Fuel – uk.finance.yahoo.com

    ASE Technology Rockets to New Heights Driven by Game-Changing AI Breakthroughs

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Is El Salvador’s Bitcoin Push Working after BTC Visa Bonds?

December 17, 2023
in Business
Is El Salvador’s Bitcoin Push Working after BTC Visa Bonds?
Share on FacebookShare on Twitter

Critics argue that El Salvador’s Bitcoin experiment was premature, highlighting the country’s struggles in achieving the ‘Bitcoinization’ of its economy.

El Salvador’s foray into the crypto market has been nothing short of controversial, marked by a $117.5 million Bitcoin (BTC) investment that recently pitched on the edge of profitability. President Nayib Bukele’s persistence in the face of international criticism, including opposition from the International Monetary Fund (IMF), raises questions about the true success and impact of El Salvador’s Bitcoin experiment.

El Salvador Bitcoin Investments Yields Profits

El Salvador made history in September 2021 by becoming the first nation to adopt Bitcoin as legal tender. The move was aimed at addressing the country’s deep-rooted economic challenges, but it was met with skepticism and opposition. The IMF, in particular, urged El Salvador to reconsider its decision, especially as global crypto prices faced volatility.

President Bukele, however, remained undeterred, employing a dollar-cost-averaging strategy during the crypto winter of 2022. His commitment to Bitcoin persisted even as the value of El Salvador’s BTC investment portfolio dipped more than 50% at one point.

President Bukele announced that El Salvador is now making a profit from its Bitcoin investments, with the current market price allowing the country to recover 100% of its initial investment and gain an additional $3,620,277.13.

According to a recent report, El Salvador’s investment has shown a marginal profit, with the portfolio briefly entering the green. However, the ongoing volatility in the crypto market prompt questions about the appropriateness of sovereign governments investing in such high-risk assets, especially for economically struggling nations.

Contrary to expectations, BTC has not gained widespread adoption for daily transactions in El Salvador. The cryptocurrency’s use for remittances, a significant aspect of the initial plan, has also fallen short.

Supporters of Bukele argue that El Salvador had to take bold steps to break free from decades of financial instability and over-reliance on the US dollar. The positive return on the BTC investment, coupled with improved bond ratings and increased tourism, is seen by some as evidence of success.

Assessing the Long-Term Impact of El-Salvador’s Crypto Decisions

Critics argue that El Salvador’s Bitcoin experiment was premature, highlighting the country’s struggles in achieving the ‘Bitcoinization’ of its economy. The lack of widespread retail usage and the failure of citizens to adopt Bitcoin for everyday transactions underscore the challenges faced by the country.

Looking ahead, it remains to be seen whether El Salvador’s Bitcoin journey will be viewed as a success or failure. The country’s push for economic independence through Bitcoin, coupled with the introduction of Bitcoin-backed sovereign debt instruments, referred to as “volcano bonds” and expanded tax bases, presents a complex narrative.

However, Santander, a Spanish banking conglomerate, praised El Salvador for its new “market-friendly approach to policy management” and growing willingness to repay debt. According to Santander, the surge in Salvadoran bond prices “almost defies gravity”, and the government may soon be able to join Eurobond financing markets.

Furthermore, the recent introduction of the “Freedom Visa” program, attracting high-net-worth individuals with a financial threshold in Bitcoin or USD, adds another layer to El Salvador’s evolving economic strategy. According to reports, the initiative has gained traction, and the El Salvador National Bitcoin Office (ONBTC) stated that it has received numerous applications and anticipates that it will be full by the end of 2023.

Bitcoin News, Cryptocurrency News, News

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : CoinSpeaker – https://www.coinspeaker.com/el-salvadors-bitcoin-push-btc-visa/

Tags: BitcoinbusinessSalvador’s
Previous Post

SafeMoon Files for Liquidation Bankruptcy as Execs Face DoJ Charges

Next Post

Royal Caribbean completes major smoking change

Australia approves world-first vaccine to save koalas from chlamydia – AP News

Australia Approves Groundbreaking Vaccine to Protect Koalas from Chlamydia

September 12, 2025
I got a discounted premium economy seat by bidding. It made my 10-hour flight better, but I wouldn’t pay full price for it. – Business Insider

How Bidding for a Discounted Premium Economy Seat Transformed My 10-Hour Flight-But It’s Not Worth Paying Full Price

September 12, 2025
Entertainment Community Fund Launches Program Supporting Entrepreneurs – Playbill

Entertainment Community Fund Unveils Exciting New Program to Empower Entrepreneurs

September 12, 2025
New global collaboration uses UC Davis experts and AI to spot the next pandemic – University of California – Davis Health

Global Collaboration Harnesses UC Davis Experts and AI to Detect the Next Pandemic Early

September 12, 2025
Why pesticides could threaten a MAGA-MAHA political divorce – CNN

Why pesticides could threaten a MAGA-MAHA political divorce – CNN

September 12, 2025
Direct mortality due to humans threatens migratory shorebirds – Nature

Human Impact Pushes Migratory Shorebirds Toward Grave Threats

September 12, 2025
Scientists celebrate a decade of listening to black holes – NPR

Scientists celebrate a decade of listening to black holes – NPR

September 12, 2025
Lori Falce: Finding a solution to political violence is science fiction – TribLIVE.com

Lori Falce Explores Why Ending Political Violence Feels Like Science Fiction

September 12, 2025
Pharmacologic Advances and Lifestyle Foundations in MASH Care, With Allysa Saggese, NP – HCPLive

Revolutionary Drug Developments and Vital Lifestyle Strategies in MASH Care with Allysa Saggese, NP

September 12, 2025
Aston Martin to integrate Pirelli’s cyber tyre technology in future models – Just Auto

Aston Martin to Revolutionize Future Models with Pirelli’s Cutting-Edge Cyber Tyre Technology

September 12, 2025

Categories

Archives

September 2025
MTWTFSS
1234567
891011121314
15161718192021
22232425262728
2930 
« Aug    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (818)
  • Economy (837)
  • Entertainment (21,715)
  • General (17,001)
  • Health (9,880)
  • Lifestyle (851)
  • News (22,149)
  • People (840)
  • Politics (845)
  • Science (16,046)
  • Sports (21,336)
  • Technology (15,818)
  • World (819)

Recent News

Australia approves world-first vaccine to save koalas from chlamydia – AP News

Australia Approves Groundbreaking Vaccine to Protect Koalas from Chlamydia

September 12, 2025
I got a discounted premium economy seat by bidding. It made my 10-hour flight better, but I wouldn’t pay full price for it. – Business Insider

How Bidding for a Discounted Premium Economy Seat Transformed My 10-Hour Flight-But It’s Not Worth Paying Full Price

September 12, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version