Bye-Bye Capital Gains? By Embracing Bitcoin This Country Could Attract U.S. Emigrants – Policy Expert

Bye-Bye Capital Gains? By Embracing Bitcoin This Country Could Attract U.S. Emigrants – Policy Expert


The policy editor at Forbes, Avik Roy, thinks El Salvador could become a popular destination for U.S. emigrants thanks to the announcement of its trailblazing Bitcoin policies.

El Salvador President Nayib Bukele recently unveiled his plans to introduce legislation that would recognize Bitcoin as a legally accepted currency in the country alongside the US dollar. It would be the first sovereign nation to accept BTC as legal tender.

 

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Roy, who also co-founded a think tank called the Foundation for Research on Equal Opportunity, says on Twitter that such a move could seriously alter the way US citizens look at El Salvador.

“Today, El Salvador is best known in the U.S. as a source of migrants. In the future, if @nayibbukele
is successful, El Salvador may become best known as a destination for emigrants *from* the United States, especially those who care about building the Bitcoin ecosystem.”

Justin Sun, founder of Tron (TRX), agrees.

Crypto investors and entrepreneur

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