BITCOIN COUNTRY: EL SALVADOR
Seeing Clear Results Through the Bitcoin Network
PROBLEM
For decades, El Salvador struggled to make an impact in the global political and business arena. It faced deep poverty, leading to the mass emigration of Salvadorans.
SOLUTION
On June 5th, 2021, El Salvador's president, Nayib Bukele, made history by declaring Bitcoin legal tender. This significant move has put El Salvador on the global map, as it continues to accumulate bitcoin daily as the nation's strategic reserve asset.
RESULTS:
+$360 million
IN BITCOIN. A SUBSTANTIAL AMOUNT COMES FROM THEIR REVENUE FROM FOREIGNERS PURCHASING SALVADORAN CITIZENSHIP
38%
BOOST IN TOURISM THIS YEAR, EVEN AFTER 2023, WAS EL SALVADOR'S RECORD-BREAKING YEAR.
+100%
INCREASE IN INTERNATIONAL ARRIVALS
BETWEEN 2021 AND 2023
14% of GDP
NOW REPRESENTS TOURISM.
BEFORE BUKELE WAS PRESIDENT IT
BARELY REPRESENTED 5%
+$1 billion
IN INVESTMENTS FROM THE BITCOIN INDUSTRY IN JUST THE FIRST YEAR OF DECLARING BITCOIN LEGAL TENDER
(This was 3.7% of El Salvador's GDP in 2021)
$1.6 billion
IN A SINGLE PRIVATE INVESTMENT IN 2024 FOR IT'S LOGISTICS CORRIDORS
(Largest private investment in El Salvador's history)
+70%
ROI IN EL SALVADORAN BONDS IN 2023, MARKING THEM AMONG THE BEST PERFORMERS IN EMERGING MARKETS
(This strong performance has attracted significant attention from institutional investors like JPMorgan and PGIM Fixed Income.)
1000%
INCREASE IN GDP FOR NEXT 5 YEARS
(Institutional investors, such as Cathie Woods, believe president Bukele's determination to turn
El Salvador into an oasis for the bitcoin community is why El Slavador's GDP could scale 10-fold within the next 5 years)
+200%
INCREASE IN TOURISM FROM THE USA SINCE 2019
+$200 million
WORTH OF FREE PUBLICITY FOR EL SALVADOR
(Making bitcoin legal tender turned the world's media attention onto El Salvador. With one genius move, President Bukele orchestrated the greatest rebrand in history with the assistance of hundreds of millions of dollars worth of free publicity)
