El Salvador’s $1M Bitcoin Citizenship Program: Comparing Costs & Impact

El Salvador introduced a citizenship program on Dec. 7, allowing 1,000 individuals to obtain residency and citizenship by investing $1 million in Bitcoin or Tether. The program, named the “Adopting El Salvador Freedom Visa Program,” offers citizenships for wealthy investors, with a nonrefundable deposit of $999 credited toward the total.

However, this cost exceeds similar programs in Caribbean nations, which start at $100,000. While the investment could generate $1 billion for El Salvador if fully subscribed, critics argue that it’s more expensive than citizenship programs in the European Union and neighboring Caribbean countries. Despite the high price tag, El Salvador’s crypto-friendly policies, including Bitcoin recognition as legal tender and tax exemptions for tech companies, might attract investors.


Disclaimer: Not Investment Advice

it’s crucial to understand that the information provided here is not to be construed as investment advice. The crypto market is dynamic and highly speculative, and decisions should be made based on thorough personal research and consideration of individual risk tolerance. Always consult with financial professionals and conduct your own due diligence before making any investment decisions. The intention of this exploration is to present insights and trends, not to provide specific investment recommendations.

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