In an interview with journalist Tucker Carlson, President Nayib Bukele discussed several of the advantages that Bitcoin has brought to El Salvador since its adoption as legal tender in the country.
One of the most notable advantages of Bitcoin adoption, according to the president of El Salvador, is the growth that the tourism sector has experienced in the country. So far, this sector has registered an increase of 95%.
According to Bukele's words, the legalization of Bitcoin as a currency has raised great expectations and has increased the nation's appeal, to such an extent that many people from different latitudes of the planet have visited El Salvador with the purpose of learning about its economy, its culture, its politics and the conditions for doing business and investing with cryptoassets.
After adopting Bitcoin as legal tender, El Salvador also has received "a lot of private investment", Bukele stressed.
The Salvadoran president listed rebranding and the new legacy that the nation is building on as one of the great advantages that the official adoption of the most capitalized cryptocurrency in the world has given it.
Bitcoin's effects in El Salvador
In his conversation with journalist Tucker Carlson, Bukele stated that the adoption of Bitcoin as legal tender in El Salvador has made the country go from being a little-known one, even in the American continent, to being a new innovation center of reference for many countries, including those in Africa.
On the other hand, Bukele referred to the different initiatives and projects that his government has been promoting in relation to Bitcoin, including the LaGeo SA data center, a crypto mining center powered by energy from volcanoes (geothermal energy).
The Salvadoran president also highlighted the Design and creation of Bitcoin City, a paradise city for cryptocurrency negotiations, which will not have any taxes other than VAT.
Bitcoin has transformed the image of El Salvador, making the Central American country now perceived in a different way by the world. After being a little-known country, El Salvador is now the central topic of many people's attention.
President Bukele announced that he will continue working from his government on the development of an economy with Bitcoin as legal tender and will make the country a place where people can invest their cryptocurrencies under favorable and fair conditions.
Bitcoin is an ideal empowerment tool for investors looking to escape the censorship and bans that some countries want to impose on their citizens through their financial systems.
On the other hand, the investment that El Salvador has made in Bitcoin has allowed it finance different initiatives, such as the construction of the Chivo Pets veterinary hospital, inaugurated a year ago. Also, the market-leading cryptocurrency has facilitated remittances, allowing Salvadorans living abroad to send money to their relatives in a more efficient, secure and accessible way.
Bukele, Bitcoin and the media
In his interview with Carlson, published via Twitter, President Nayib Bukele comments that many media outlets have criticized the initiatives taken by his government and, most especially, the initiative to adopt Bitcoin as legal tender.
In this regard, Bukele stated that these media outlets only base their news on patterns and trends imposed by third-party interests, which wish to censor a cryptocurrency that has proven to be transparent and uncensorable.
“As for the criticism of me and the government I lead, I have learned to take it in stride,” President Bukele stated during the interview. In addition to this, Bukele also noted that “Something special about lies is that they don’t last long”, This refers to several of the news items published recently regarding the alleged economic problems facing El Salvador caused by the adoption of Bitcoin as legal tender.
Continue reading: Senegal takes inspiration from El Salvador: Could it be the next country to declare Bitcoin legal tender?
