The El Salvador president has upped the ante for investors from permanent residency to citizenship, announcing that citizenship will be granted for a minimum 3 bitcoin investment into the local economy.
El Salvador 🇸🇻 to give citizenship to anyone that invests over 3 #bitcoin into the nation’s economy.
“We want Bitcoiners to move here” – @nayibbukele
— Documenting Bitcoin 📄 (@DocumentingBTC) June 9, 2021
This is big news for bitcoin entrepreneurs and bodes well for generating rapid, positive investment into the country.
The Salvadoran passport is ranked #39 globally (we’ll bet you wouldn’t have guessed it was that high already!) with visa-free access to over 120 countries, including one of our current favorites – Russia – along with the UK, EU, and most of Latin America.
Following the announcement, the US Travel Advisory for El Salvador was upgraded to level 2, which is higher than even it’s popular neighbors considered very safe by many, Costa Rica and Panama.