El Salvador's President Nayib Bukele and Argentine President Javier Milei have expressed support for Bitcoin and the crypto industry.$BTC
_El Salvador's President Nayib Bukele:_
In 2021, President Bukele made Bitcoin legal tender in El Salvador, allowing it to be used as a form of payment alongside the US dollar. This move aimed to:
1. Increase financial inclusion for the unbanked population
2. Attract foreign investment and tourism
3. Diversify the economy
El Salvador has also invested in Bitcoin, holding around 2,381 BTC in its treasury.
_Argentine President Javier Milei:_
President Milei, who took office in January 2024, has expressed support for Bitcoin and the crypto industry. He aims to:
1. Encourage crypto adoption to combat inflation
2. Attract foreign investment and innovation
3. Diversify the economy
Milei has also announced plans to create a "Bitcoin district" in Argentina, which would offer tax incentives and other benefits to attract crypto companies and talent.
Both presidents' support for crypto reflects their interest in leveraging its potential to drive economic growth, innovation, and financial inclusion in their countries.
