Wednesday, July 23, 2025
  • Login
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
CRYPTO MARKETCAP
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result

El Salvador president Nayib Bukele donates 2 Bitcoin towards building 1,000 schools in Honduras

by SB Crypto Guru News
October 24, 2024
in Crypto Exchanges
Reading Time: 2 mins read
0 0
A A
0


Receive, Manage & Grow Your Crypto Investments With BrightyReceive, Manage & Grow Your Crypto Investments With Brighty

El Salvador’s President Nayib Bukele has donated two BTC, valued at approximately $133,000, to support the construction of 1,000 schools in Honduras, according to an Oct. 24 X (formerly Twitter) video.

In the video, the Bitcoin advocate handed the funds to Shin Fujiyama, the founder of Students Helping Honduras, an organization dedicated to reducing poverty through education.

This donation aligns with Bukele’s consistent advocacy for Bitcoin, which he made legal tender in El Salvador in 2021. The National Bitcoin Office (ONBTC) of El Salvador confirmed that the funds came from Bukele’s personal wallet, and Fujiyama expressed deep gratitude for the generous contribution.

Fujiyama is currently undertaking a 3,000-kilometer charity run to raise funds for the school-building project. In the video, he shared that he almost abandoned the challenge out of fear but found inspiration from watching videos of Bukele, which gave him the courage to persevere.

Stacy Herbert, the Director of ONBTC, stated:

“Shin is running 3,000 km to raise the funds to build these schools and he is currently on his journey through El Salvador where the population has shown him great love and support. This is a story of individual sovereignty, personal responsibility and economic liberty.”

El Salvador’s Bitcoin adoption

This donation further reflects Bukele’s continued efforts to promote Bitcoin and integrate it into everyday life. However, BTC’s adoption rate in El Salvador remains low.

A recent survey by Francisco Gavidia University in San Salvador found that only 7.5% of respondents use crypto for transactions, while 92% do not. Additionally, just 1.3% of those surveyed believe Bitcoin should play a key role in the country’s future.

However, despite the low adoption rate, 58% of respondents expressed confidence in the country’s direction under Bukele’s leadership, particularly in economic and security areas. The survey polled 1,224 Salvadorans aged 18 and older.

Since making Bitcoin legal tender in 2021, El Salvador has acquired nearly 6,000 BTC through several purchases and different pro-crypto initiatives. However, this move has faced criticism from international organizations, notably the International Monetary Fund (IMF), which recently called for limiting public sector exposure to Bitcoin.

Mentioned in this article
Latest El Salvador Stories



Source link

Tags: BitcoinBitcoin NewsBuildingBukeleCrypto NewsCrypto UpdatesdonatesHondurasLatest News on CryptoNayibPresidentSalvadorSB Crypto Guru NewsSchools
Previous Post

Bitcoin To $200,000 By 2025 End Is ‘Conservative’ Target, Analyst Predicts

Next Post

7 Content Writing Trends Your Business Can’t Ignore

Related Posts

SEC approved Bitwise ETF, then paused it

SEC approved Bitwise ETF, then paused it

by SB Crypto Guru News
July 23, 2025
0

The US Securities and Exchange Commission (SEC) has issued a stay order on Bitwise’s bid to convert its over-the-counter (OTC)...

Ark Invest pivots to BitMine amid rising Ethereum treasury

Ark Invest pivots to BitMine amid rising Ethereum treasury

by SB Crypto Guru News
July 22, 2025
0

Cathie Wood’s Ark Invest has shifted its crypto-focused investment strategy, reducing its holdings in Coinbase, Robinhood, and Block in favor of BitMine...

Mag 7 Leaders and Laggards

Mag 7 Leaders and Laggards

by SB Crypto Guru News
July 22, 2025
0

The Daily Breakdown takes a closer look at the Magnificent 7 to gauge which stocks have been leaders and which...

Bitcoin price to hit 7,000 by next cycle from combined institutional predictions

Bitcoin price to hit $917,000 by next cycle from combined institutional predictions

by SB Crypto Guru News
July 21, 2025
0

Following a new all-time high in dollars, Bitcoin price predictions are flooding in alongside diverging institutional theses, ranging from macro-driven...

The Daily Breakdown: 3 Things to Watch: Crypto, GOOGL, TSLA

The Daily Breakdown: 3 Things to Watch: Crypto, GOOGL, TSLA

by SB Crypto Guru News
July 21, 2025
0

It’s a big week of earnings, headlined by Alphabet and Tesla. The Daily Breakdown dives into this week’s big events....

Load More
Next Post
7 Content Writing Trends Your Business Can’t Ignore

7 Content Writing Trends Your Business Can't Ignore

BTC Rebounds to K After Subdued U.S. Economic Data Reading

BTC Rebounds to $67K After Subdued U.S. Economic Data Reading

Facebook Twitter LinkedIn Tumblr RSS

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.