VanEck: The Trump administration, which supports Bitcoin, may regard El Salvador as a "strategic partner" of the United States
A report written by VanEck's Director of Digital Asset Research, Matthew Sigel, evaluated the experience and positive impact of this Central American country with Bitcoin. The report pointed out that nearly 8% of Salvadorans used Bitcoin for transactions in 2024, which is a "meaningful step" for a country traditionally low in electronic payment adoption. In addition, the country's Bitcoin reserves already account for 1.6% of its GDP. VanEck analysis believes that given Trump's strong support for Bitcoin and attention to remittances and supply chains, El Salvador could become a strategic partner in establishing regional alliances with the United States.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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