Pro-Bitcoin Trump Administration Could See El Salvador Emerging As US ‘Strategic Partner,’ Says VanEck
Posted On November 26, 2024
Asset management firm VanEck expressed optimism at El Salvador’s bold Bitcoin (CRYPTO: BTC) bet, terming it as a model of innovation for the emerging world.
What Happened: A report penned by Matthew Sigel, VanEck’s Head of Digital Assets Research, took stock of the Central American nation’s experience with Bitcoin and its positive impact.
The report highlighted that nearly 8% of Salvadorans have used Bitcoin for transactions by 2024, terming it a “meaningful step” forward for a country with traditionally low electronic payment adoption rates.
Sigel touched down on the country’s soaring Bitcoin reserves, which represented 1.6% …
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