Do you expect migration to El Salvador from other large nations? Specifically people already using crypto in the major nations moving El Salvador because of the new crypto markets emerging?
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Do you expect migration to El Salvador from other large nations? Specifically people already using crypto in the major nations moving El Salvador because of the new crypto markets emerging?
I know a lot of the newly crypto wealthy are looking closely at immigration or 2nd passports, investment etc in El Salvador if the BTC rollout goes well.
This could end up being huge for El Salvador, especially if crypto entrepreneurs begin to influence the area with development dollars.
I definitely think so, not only thanks to cryptofriendly laws on our territory, but also because of crypto repression in other countries (the famous bipartisan "Infrastructure Bill" targeting cryptos in the US is just a beginning) and on the basis of the standards of living here.
Where I live (Western part of El Salvador) buying a family house usually costs around 30k to 35k USD. In the US or in Europe even the swimming pool may end up costing more than that, lol.
It definitely is looking like an option for the lower and lower middle class Americans that can do without some of the modern luxury of the first world. Between the digital meeting places and decentralized Finance, the most lassez-faire countries will attract more immigration. It's going to be interesting to see how this plays out in the next few years.
Haha, I maybe should set up a real estate company here 😊.