Bitcoin Early adopter Max Keizer tweeted to announce that the country of El Salvador was about to receive a large sum of funding as an “entry fee” from people who wanted to become citizens. These wealthy individuals will become residents of El Salvador using the “Adopt El Salvador Freedom” program recently launched by President Nayib Bukele.
$153 Million Bitcoin Donation Will Be Sent to El Salvador
Max Keizer, Bitcoin advisor to El Salvador President Nayib Bukele, has recently been promoting the aforementioned program to his 546,500 followers on the Twitter/X platform. This program allows 1,000 people per year to become residents of the country and obtain a passport if they donate $1,000,000 in Bitcoin or USDT.
Keiser tweeted on Sunday that 153 people have applied so far, meaning if they are all approved, $153,000,000 worth of Bitcoin and/or USDT will flow to El Salvador. stated.
153 have signed up so far. That’s $153,000,000 in donations for the #BukeleMiracle of #ElSalvador. https://t.co/n97s1yMGS7 https://t.co/NIms2mHYLt
NEWS CONTINUES BELOW— Max Keiser (@maxkeiser) December 10, 2023
According to the program’s webpage, the initiative targets high-net-worth individuals who can make “economic and social contributions” and thus help transform the state into “a global hub for new capital markets in technology, freedom, Bitcoin and peer-to-peer innovation.” The page emphasizes that “potential applicants must meet the financial threshold set by the government, which is set at $1 million in Bitcoin or USDt.”
Successful applicants will be eligible to receive a Salvadoran passport.” The applicant is also allowed to include his family (spouse and children under 18) in his passport for the same fee.
Koinfinans.com As we reported, the application also includes a non-refundable fee of $999 for officials to check candidates’ eligibility. This is an interesting fact about El Salvador also accepting USDT because in 2021 officially Nayib Bukele announced that Bitcoin will be the only cryptocurrency held by the state and used as the national currency.
Keizer has been a vocal BTC maximalist and EthereumHe regularly criticizes altcoins, including Cardano and Ripple-linked XRP, as securities and calls for the SEC to ban their trading, leaving only Bitcoin, which is considered a commodity by the regulator. In a tweet published a week ago, Keizer stated that his Bitcoin stash has increased by 20,000,000% since 2011.