Nayib Bukele Makes a Scene: El Salvador is 'In Debt' While 'Mining' Bitcoin!
El Salvador's President, Nayib Bukele, began his second term in office with a focus on economic recovery. Having brought gang violence under control, he now faces the challenges of a stagnant economy. Even though the Bitcoin City project has not attracted the expected investment and the country's public debt stands at $30 billion, Bukele remains committed to the cryptocurrency, with El Salvador buying 1 Bitcoin every day. His innovative economic policies attracted attention, but he had to carefully navigate the economy to ensure stability and growth. The world is waiting to see whether Bukele's strategy will successfully integrate crypto into El Salvador's economy.
