Billion-Dollar Firm Vaneck Endorses Bukele’s Bitcoin Experiment in El Salvador
Vaneck, a leading U.S. asset manager, praised President Nayib Bukele’s vision for El Salvador, particularly his bold adoption of bitcoin as part of the country’s recovery strategy.
Matthew Sigel, Vaneck’s Head of Digital Assets Research, called El Salvador’s turnaround the ultimate comeback story of Latin America, noting improvements in quality of life and security. Vaneck highlighted bitcoin’s growing role in the economy, with initiatives like Bitcoin City and Volcano Bonds, despite delays. Bukele’s push to tap into the country’s rich mining resources, including gold, further demonstrates his commitment to innovation and independence, making El Salvador an intriguing investment opportunity.
Clever Robot News Desk 1st December 2024
