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VanEck: Bitcoin-supporting Trump may consider El Salvador a ‘strategic partner’ of the United States
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2024-11-26 16:02:01 7,960
Golden Finance reports that 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 that has traditionally had 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 focus on reshoring and supply chains, El Salvador may become a strategic partner for the United States in establishing a regional alliance.
Keywords: Bitcoin
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