El Salvador, the only country to adopt cryptocurrency as legal tender, shows a surprisingly low adoption rate among its citizens. A recent CoinGecko report reveals that just about 1.72% of El Salvador’s population, approximately 109,175 people, own Bitcoin, despite the government’s proactive crypto initiatives. In contrast, China, despite its ban on cryptocurrencies, reports a higher ownership rate of 4.08% among its populace. To boost crypto investment, the Salvadoran government has launched a unique citizenship-by-investment initiative, offering residency and citizenship routes for a $1 million investment in Bitcoin or Tether.
Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.
