Keiser believes that BTC helps El Salvador to protect the wealth of inflation and volatility.
El Salvador accumulates, to date, almost 6,100 bitcoin, valued at more than USD 600 million.
The Bitcoiner Max Keiser, a member of the Bitcoin National Office of El Salvador (ONBTC), said that this Central American country is already in the fourth stage of the adoption of Bitcoin (BTC), where this asset is recognized as a reserve of worth.
In statements to the Salvadoran press, Keiser described The five phases of the adoption of BTC and how El Salvador has been in the fourth phase, allowing the country to be a lighthouse of innovation in Latin America.
According to Keiser, the five stages of Bitcoin adoption are: discovery, where you learn about BTC; opportunism, in which its potential is recognized, but local currencies are preferred; Payment channel, when BTC is used as an alternative payment system; Reserve of value, where it is recognized as a reliable reserve of wealth; and hyperbitcoinization, a stage in which Bitcoin becomes the main account unit in a circular economy.
Keiser pointed out that El Salvador, under the direction of President Nayib Bukele, is in the value reserve stage. In the BTC country it is considered “a way to protect the wealth of inflation and volatility,” according to the specialist.
Being at this stage implies that El Salvador maintains a strategic BTC reserve, which currently has at least 6,049 bitcoin in custodywhich translates into a value exceeding 600 million dollars.
There are already Salvadoran regions in the fifth stage
Keiser stressed that, if El Salvador continues to accumulate BTC, “he will continue to be a world leader in Bitcoin adoption.” In addition, although it is not national, Keiser indicated that there are regions in El Salvador They are already in the fifth stage, hyperbitcoinizationspecifically in the communities of Bitcoin Beach, in El Zonte, and Bitcoin Berlin, in Usulután. In these locations, BTC is not only a means for transactions, but the main account unit, promoting a local circular economy driven by digital currency.
It is crucial, according to Keiser, that El Salvador Do not go back to these BTC adoption stages. If it is still seen as a value reserve, the country will be avant -garde in terms of adoption of BTC worldwide, which could inspire other nations to adopt BTC “as a basis for building more equitable and decentralized economies,” said the Bitcoiner.
The adoption of Bitcoin by El Salvador has been reported by cryptootics, highlighting the benefits it has brought to the country, such as the increase in tourism, which marked important numbers with up to 3.9 million foreign visitors only in 2024, Many of them attracted to BTC’s experience in the nation.
This BTC adoption has not only positioned El Salvador as a pioneer in the use of cryptocurrencies, but also has opened a debate about the viability of integrating digital assets into the national economy, showing both opportunities and challenges in financial transformation.