From Investing.com: 2024-06-02 14:30:22

Nayib Bukele has begun his second term as El Salvador’s President, continuing the push for cryptocurrency adoption. Bitcoin has been legal tender in the country since September 2021. Max Keiser envisions El Salvador’s citizens controlling wealth through decentralized Bitcoin nodes. The country aims to operate on a circular BTC-focused economy, debt-free and using geothermal energy for mining. El Salvador already mines BTC using geothermal energy, with 5,718 BTC worth $400.26 million. Keiser believes this approach will reduce central bank influence and make the IMF irrelevant in economic policies.

Read more at Investing.com: Max Keiser Reveals Epic Bitcoin Prediction for Old ‘New’ El Salvador President By U.Today