Tourists flock to El Salvador despite Bitcoin bear market

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People want to see “El Hodlador.” Despite the bear market, tourism in El Salvador soared 82.8% in the first half of 2022. (Reporting via JoeNakamoto)

of his visit to El Salvador, “99.9% of the world had no clue where this country was; maybe 98% didn’t know this country ever existed–they’re [El Salvador] certainly on the map now.” Bitcoin advocates are keen to bring home exuberant tales of their trip to the land of volcanoes. At the same time,Morgan Stanley encourages investors to buy battered El Salvador eurobonds

Max Keiser and Stacey Herbert, Bitcoin OGs, chose to take up residency in El Salvador and now base their podcasting and broadcasting operations on El Salvador. As part of the Bitcoin Bill, residency in El Salvador could effectively be bought for 3 BTC, or $66,000 at the time of writing, as. Escape to El Salvador, a professional community that aids people in moving to El Salvador told Cointelegraph that the 3 BTC for residency strategy merged into the 'Volcano Bonds offering'.

“It doesn't automatically mean you are a resident, you still have to apply, but you can use the holdings as your justification for the applying, like a student can use a letter of acceptance from a university for a 'student visa'. There's still a process.”

 

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JoeNakamoto Almost like there was a pandemic in 2021 huh? International tourism was up 182% worldwide in Q1.

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