El Salvador’s New Bitcoin Citizenship By Investment Program + Passport Analysis – CBI for 3 BTC?

Today we discuss El Salvador’s recent moves to adopt bitcoin as legal tender and implement a new citizenship by investment program where investors will be able to acquire the passport with just 3 BTC. I explain my thoughts on this move from a global perspective with other countries looking for safe havens against the continued decline in fiat currencies and how Bitcoin can provide a first mover advantage opportunity for those willing to take on some of the political and economic risk it may bring in the short term. We also review the passport, geographical location, history of the old currency & some important things to keep in mind as far as safety goes in El Salvador. Enjoy!

So what are your thoughts on El Salvador’s recent moves in citizenship by investment & crypto space? Would you consider acquiring the passport moving forward?
Let me know down below…

Links & Timestamps from the show:
-New CBI Program Article: https://www.indiatoday.in/technology/news/story/el-salvador-offers-citizenship-to-bitcoin-holders-approves-bitcoin-as-official-currency-1812688-2021-06-09
-Citizenship by Investment Details for El Salvador + Passport Benefits:
https://www.cacitizenship.com/el-salvador-citizenship-by-investment-program/
-Permanent Residency in El Salvador: https://www.ntltrust.com/news-/news-industry/bitcoin-investors-can-get-permanent-residency-in-el-salvador
-Homicide History Article Shown: https://foreignpolicy.com/2021/03/03/el-salvador-homicide-historic-low-2020-gangs-migration/
-US Dollar Index Chart (DXY): https://www.tradingview.com/symbols/TVC-DXY/
-History of the Colon (El Salvador’s Old Currency): https://www.elsalvadortips.com/history-of-the-colon-old-salvadoran-currency

Timestamps:
0:00 El Salvador New CBI Program Intro
0:20 US Dollar Cons & BTC Pros
3:20 El Salvador Safety on the Global Scale
4:50 Competition Between Countries
7:05 Geography Overview & Passport Analysis
9:14 Personal Thoughts Moving Forward

Thanks for watching, if you have any questions don’t hesitate to reach out to us.
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