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TechFlow reports that El Salvador President Nayib Bukele has proposed establishing a private investment bank in the country, allowing investors to invest in both Bitcoin and U.S. dollars with fewer restrictions than traditional banks.
The proposal has received support from Bitcoin advisor Max Keiser, who cited Ark Invest CEO Cathie Wood's prediction that El Salvador's real GDP could grow tenfold over the next five years.
El Salvador President Nayib Bukele has proposed establishing a private investment bank within the country, allowing investors to invest in Bitcoin and U.S. dollars with fewer restrictions than traditional banks. The proposal is supported by Bitcoin advisor Max Keiser, who cited Ark Invest CEO Cathie Wood's prediction that El Salvador's real GDP could grow tenfold over the next five years.
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