Risk Warning: Beware of illegal fundraising in the name of 'virtual currency' and 'blockchain'. — Five departments including the Banking and Insurance Regulatory Commission
Information
Discover
Search
Login
简中
繁中
English
日本語
한국어
ภาษาไทย
Tiếng Việt
BTC
ETH
HTX
SOL
BNB
View Market
VanEck: Pro-Bitcoin Trump Administration May View El Salvador as a ‘Strategic Partner’ of the U.S.
2024-11-26 07:44
Odaily News A report written by Matthew Sigel, head of digital asset research at VanEck, assesses the Central American country's experience with Bitcoin and its positive impact. The report states that nearly 8% of Salvadorans will use Bitcoin for transactions in 2024, which is a "meaningful step" for a country with traditionally low adoption of electronic payments. In addition, the country's Bitcoin reserves already account for 1.6% of GDP. VanEck analysis believes that given Trump's strong support for Bitcoin and his focus on reshoring and supply chains, El Salvador may become a strategic partner for the United States to establish regional alliances.