Tiny El Salvador has become Latin America’s success story, according to investment manager VanEck—thanks in large part to its Bitcoin-loving president.

A report by the New York firm said that the country’s bet on Bitcoin and radical reforms have turned it into “Latin America’s ultimate comeback story.”

El Salvador was a little-known and crime-ridden country before its millennial president, Nayib Bukele, became leader in 2019.

His maverick way of doing things—including making Bitcoin legal tender in the nation in 2021 and building a mega prison—led to criticism from a number of institutions, U.S. politicians, and human rights groups.

But it’s paying off, according to VanEck.

Go to Source to See Full Article
Author: Mathew Di Salvo