El Salvador’s Bitcoin strategy is accelerating as the country also agrees to accept deported criminals and migrants from the U.S. in exchange for a fee.
President Nayib Bukele made this announcement after meeting with U.S. Secretary of State Marco Rubio.
Former President Donald Trump had also spoken with Bukele by phone, fueling speculation about possible cooperation on Bitcoin.
Following the call on January 23, Bitcoin’s price jumped to $105,000, with traders speculating about U.S.-El Salvador Bitcoin alignment.
We have offered the United States of America the opportunity to outsource part of its prison system.
We are willing to take in only convicted criminals (including convicted U.S. citizens) into our mega-prison (CECOT) in exchange for a fee.
Trump has ordered the formation of a working group to explore a national digital assets stockpile*.
The initiative, called Strengthening American Leadership in Digital Financial Technology, gives officials 180 days to propose regulatory and legislative actions.
If approved, this reserve could include Bitcoin confiscated by the U.S. government through law enforcement actions, such as the Silk Road case.
Bitcoin Adoption Among U.S. States
Some U.S. states are moving ahead independently, with 20% of state legislatures considering holding Bitcoin reserves.
El Salvador’s latest Bitcoin purchase signals a possible trend toward accumulation, exceeding its previous one-BTC-per-day buying strategy.
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