Dec 11, 2023

El Salvador kickstarted its "Freedom VISA" program last week, with plans to distribute residency to a maximum of 1,000 people per year who invest at least $1 million worth of bitcoin or tether (USDT) stablecoins.

Video transcript

The chart of the day is presented by, the leading crypto platform trusted by over 80 million users worldwide. All right, let's take a look at the chart of the day. Despite the Bitcoin rally cooling on Monday, the price of the world's largest Cryptocurrency by market cap is set to end the year, nearly 100 and 60% higher. And El Salvador is targeting Bitcoin and crypto millionaires in its latest push to attract long term residents to the country. Last week, the nation kick started its freedom visa program which will distribute residency to a maximum of 1000 people per year who invest at least $1 million dollars worth of Bitcoin or tether Stablecoins eligible participants will receive a long term residency permit and have a path to full citizenship, taking Bitcoin or tether investments for residency is a first for any nation. This comes after El Salvador became the first country to recognize Bitcoin as legal tender back in September 2021. That's a wrap for chart of the day today. I'm Jen San Asi. We'll see you next time to unpack more of the data behind top news stories.

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