Remember The 'Passports For Bitcoin' Initiative In El Salvador? It's Not Going So Well
Portfolio Pulse from Murtuza Merchant
El Salvador's 'Freedom Passport' initiative, aimed at attracting Bitcoin investors by offering residency visas, has not issued any passports since its launch in December 2023, despite government goals. This raises questions about the program's management and transparency.
October 29, 2024 | 6:46 pm
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El Salvador's 'Freedom Passport' initiative, which aimed to attract Bitcoin investors, has not issued any passports, raising concerns about the program's effectiveness and transparency.
The lack of issued passports in El Salvador's initiative may affect Bitcoin's perceived integration into the country's financial system. However, the direct impact on Bitcoin's price is uncertain, as the initiative's success was not a major driver of Bitcoin's global demand.
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