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El Salvador to End External Debt by 2025, Is Bitcoin the Answer?

  • El Salvador President Nayib Bukele announced that the country will no longer rely on external debt beginning in 2025.
  • El Salvador aims for fiscal independence through self-financed budgets and the adoption of Bitcoin as legal cash.
  • The country's growing Bitcoin holdings have become a key pillar in its quest for economic independence.
  • El Salvador is pushing for further Bitcoin integration, including the establishment of private Bitcoin banks.

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