El Salvador claims to have achieved more political success than the United States because it adopts Bitcoin. According to Max Keiser, a famous American broadcaster and Bitcoin advisor, “El Salvador is now achieving the American dream through Bitcoin.”
El Salvador became the World’s first country to adopt bitcoin as a reserve asset in October 2021 and has continued to acquire the cryptocurrency. Since March 2024, the government has purchased at least one BTC daily and currently holds 5,918 BTC.
El Salvador’s Success
Keiser told Fox Business on Monday that El Salvador’s government and citizens’ successes can all be attributed to the country’s adoption of Bitcoin.
According to the advisor, more people are migrating to El Salvador because the government’s adoption of Bitcoin has led to a growing economy, helping to pay down the country’s debts and achieving less than a 1% inflation rate.
Additionally, Keiser noted that El Salvador’s president, Niyab Bukele, is one of the most popular leaders in the world and that, under his bitcoin strategy, the country has become one of the safest in the Western Hemisphere.
“You have a greater risk of getting mugged in Disneyland than getting attacked in El Salvador,” he said.
He seized the opportunity to praise Bukele for restoring the $6 billion the country lost to gangs and using it wisely, stating that every country around El Salvador wishes to have Bukele as its president.
Further, he iterated that El Salvador is a Bitcoin country and enjoys a “first mover advantage.” He also revealed that the government is building capital markets based on Bitcoin.
American Bitcoin Stance
During the interview, Keiser was asked how he sees the future of Bitcoin in the United States as American investors predict an upward trajectory for the crypto if former U.S. president Trump wins.
He replied, “America is doing a good job imitating El Salvador,”
Notably, America has adopted a cautious stance on Bitcoin. The Securities and Exchange Commission (SEC) has approved spot Bitcoin ETFs and enacted some laws governing crypto adoption and acceptance within the United States, considering investors’ safety.
Meanwhile, investors within the region long for extra freedom to trade cryptocurrencies; thus, they support Trump, who has promised to sack the current SEC chairman, Gary Gensler, and make America the World’s Bitcoin capital.
