[Salvadoran President Nayib Bukele promotes Bitcoin or is it more of a PR strategy] Golden Finance reported that Vera Bergengruen, a reporter for Time magazine, said that Salvadoran President Nayib Bukele's promotion of Bitcoin as legal tender is mainly for public relations effects rather than real economic improvements. Bukele's advisers called the introduction of Bitcoin "a great rebranding" aimed at changing the outside world's view of El Salvador. Since the announcement of Bitcoin legalization in 2021, the policy has caused confusion, forcing the Bukele team to promote the potential benefits of Bitcoin. Bukele once proposed to build a volcano-powered "Bitcoin City", but the project has not been completed yet. He also regularly discusses the purchase of Bitcoin with state funds, and there are currently about $400 million in the "public wallet." Bukele will continue to serve as president until 2029.

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