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Crypto Bulls Optimistic As El Salvador Announces Bitcoin Giveaway for Citizens

Bitcoin for Citizen

El Salvador’s president has announced the will airdrop $30 worth of Bitcoin (BTC) to every adult citizen of the country.

The announcement was welcomed by the crypto community as several analysts are speculating El Salvador’s will need to purchase the required BTC it intends to distribute adding more than $100 million in buying pressure on markets.

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Quickly googled estimates of the adult population of El Salvador varied, with on-chain analyst Willy Woo tweeting that Bitcoin’s global user base will grow by 2.5% thanks to the influx of 4.5 million Salvadorians.

Others placed the Salvadoran adult population as high as 6.5 million (which is actually the total population), with Yahoo Finance anchor Zack Guzman using the figure for some rough back-of-the-envelope calculations suggesting that $195 million worth of Bitcoin will be airdropped across the country.

El Salvador’s president has announced the will airdrop $30 worth of Bitcoin (BTC) to every adult citizen of the country.

Bitcoin for Citizen

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