Key dealers
- Trump plans to meet Bitcoin advocates Nayib Bukele in the White House next month.
- El Salvador adopted Bitcoin as a legal tender and has reserves in digital access.
US President Donald Trump plans to meet El Salvador President Nayib Bukele in the White House next month, Bloomberg reported Friday, with reference to sources with knowledge of the plan.
The two pro-bitcoin leaders have maintained connections. Trump and Bukele held a phone call days after his inauguration, during which they discussed cooperation on fighting illegal immigration and transnational gangs like Tren de Aragua.
If the visit occurs, Bukle would be the first leader from the Western Hemisphere to receive an official invitation in the White House during Trump’s presidency. This meeting comes after Bukele agreed to detain hundreds of Venezuelan gang members deported from the United States.
The exact date remains invisible and the arrangements can be changed, according to the report.
In February, El Salvador’s President Michael Saylor, the executive chairman of the strategy, met to discuss Bitcoin.
Bukle as well met Ben Horowitz and Marc Andreessen, founder of venture capital company Andreessen Horowitz, in the presidential house in El Salvador, earlier this month. Discussions focused on technology and investment opportunities for artificial intelligence in El Salvador, which aims to position the country as an important regional technical hub.
The future meeting between Trump and Bukle can deal with various issues. However, given Bukele’s outspoken support for Bitcoin, there are growing speculation that Bitcoin can be one of the substances.
On one press conference In January, Bukle expressed Optimism that Trump’s return to US Presidency will have a significant impact on Bitcoin’s path and cryptose ecosystem. He also foreseen that Trump’s administration would adopt a policy that is favorable to Bitcoin, which can lead to its “exponential re -evaluation.”
“I personally believe that this year and in the coming years will be very important for Bitcoin and for the entire ecosystem, especially with Trump’s assumption of power,” he said.
El Salvador, who became the first country to adopt Bitcoin as a legal tender together with the US dollar in September 2021, has 6,129 BTC in its reserves, according to Arkham data. The stash is now valued at about $ 514 million.
President Trump signed an executive order to set up an US strategic Bitcoin reserve on March 6, funded by federal owned Bitcoin. The administration aims to acquire more BTC without spending extra taxpayers’ costs.