Michael Saylor, co-founder of MicroStrategy (now rebranded as Strategy) and a staunch Bitcoin advocate, recently met with El Salvador’s President Nayib Bukele to discuss new strategies for advancing Bitcoin adoption in the country.

This meeting reinforces El Salvador’s ongoing commitment to integrating Bitcoin into its economy, maintaining its position as a global leader in cryptocurrency adoption.

Saylor shared highlights of their discussions via Twitter over the weekend, emphasizing the potential opportunities for El Salvador to benefit from Bitcoin’s continued growth and expansion across various sectors.

El Salvador’s Bitcoin Experiment: The Next Phase

In September 2021, El Salvador became the first country in the world to officially legalize Bitcoin. Since then, the country has taken several bold steps to cement its role in the crypto revolution. El Salvador has issued Bitcoin-backed bonds, attracted crypto entrepreneurs, and been hard at work developing Bitcoin City, a tech-driven economic hub aimed at boosting the nation”s growth. Additionally, President Bukele has announced multiple Bitcoin acquisitions as part of the country’s national savings strategy.

Due to a date, El Salvador has amassed 6,077 BTC, valued at over $600 million at current prices. Since President Bukele’s announcement in November 2022, the country has committed to purchasing one Bitcoin per day, a promise it has continued to honor.

Saylor’s visit further signals progress in El Salvador’s Bitcoin journey. While he praised Bukele’s leadership and the country’s successful Bitcoin integration, the details of their discussions remain undisclosed. This meeting highlights the growing institutional interest in El Salvador’s bold crypto experiment and the potential for further growth in the nation’s Bitcoin initiatives.