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Cryptocurrency News Articles
EL SALVADOR’S BOLD VISION: A BITCOIN NODE IN EVERY HOME
Jan 15, 2025 at 08:08 pm
President Bukele plans to transform El Salvador into the world's first true Bitcoin nation, aiming to surpass Bhutan in BTC per capita.
El Salvador is aiming to become the world's first true Bitcoin nation, aiming to surpass Bhutan in BTC per capita. Part of President Bukele's strategy involves installing Bitcoin nodes in every household. This will effectively decentralize the nation's wealth and place it in the hands of its citizens.
By bringing BTC nodes directly into homes, the country hopes to democratize access to the digital currency. This will create a more decentralized and inclusive economy. This move will empower citizens to participate in a global digital financial system, all while bypassing traditional banking infrastructure.
El Salvador's commitment to BTC is further demonstrated by its $582 million in Bitcoin reserves. The country is also making daily Bitcoin purchases to build on its holdings.
This is a bold vision for El Salvador, but one that could have a major impact on the country's economy and the lives of its people. If successful, this move will surely inspire other nations to follow suit, further accelerating the global adoption of Bitcoin.
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