According to Odaily Planet Daily, a report written by Matthew Sigel, head of digital asset research at VanEck, assesses El Salvador's experience with Bitcoin and its positive impact. The report states that by 2024, nearly 8% of Salvadorans will use Bitcoin for transactions, which is a 'significant step' for a country that traditionally has a low adoption rate of electronic payments. Moreover, the country's Bitcoin reserves now account for 1.6% of GDP. VanEck's analysis suggests that El Salvador could become a strategic partner for the U.S. in building regional alliances, due to Trump's strong support for Bitcoin and focus on repatriation and supply chains.
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Report says nearly 8% of Salvadorans will use Bitcoin for transactions by 2024
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