“Bitcoin Banks are coming to the Bitcoin Country.”
Although no further details were disclosed, the announcement suggests a plan to integrate Bitcoin-based banking into the nation’s financial system.
This could involve new legislation supporting banks that operate primarily in Bitcoin and offer services such as deposits, lending, and payments denominated in the flagship digital asset.
Keiser claimed Bitcoin is absorbing the world’s $400 trillion in stored value and diminishing the influence of central banks.
El Salvador made history in 2021 by becoming the first nation to adopt Bitcoin as legal tender.
Since then, it has positioned itself as one of the world’s most crypto-friendly jurisdictions, attracting global companies like stablecoin issuer Tether, which established its headquarters in the country.
Government data shows that El Salvador holds 6,262.18 BTC, worth more than $730 million at current prices. This accumulation has strengthened its image as a global hub for Bitcoin innovation.
However, El Salvador’s Bitcoin policy has faced stiff criticism from global financial agencies.
