The Bitcoin-friendly area of El Salvador has attracted many visitors using crypto, but are people considering moving themselves and their children abroad?
Roman Martinez, one of the co-founders of the Bitcoin Beach zone in El Salvador, claimed that “a lot of Bitcoiners” are considering the country as a place to resettle in response to international regulatory crackdowns on crypto.
Speaking to Cointelegraph at the Bitcoin 2024 conference in Nashville on July 27, Martinez said some people who have felt excluded from traditional financial systems may be looking at El Salvador due in part to the country’s policies on Bitcoin (BTC). According to the Bitcoin Beach co-founder, El Salvador President Nayib Bukele may have opened the floodgates to other countries by supporting legislation adopting BTC as legal tender in 2021.
“A lot of families, individuals are seeing El Salvador as a Plan B,” said Martinez. “They’re buying properties, a lot of Bitcoiners, they’re moving to El Salvador to live there and they wanna raise their kids there.”
