El Salvador's Bitcoin initiatives gain global attention and investment

El Salvador's National Bitcoin Office has received hundreds of inquiries and "many dozens of applications" for its $1 million Freedom Visa program, which grants residency and a pathway to citizenship for a Bitcoin or Tether donation. The office expects the program to sell out by the end of the year. Despite criticism of the high price tag compared to other visa programs, the office believes it is fair and highlights the pro-Bitcoin policies and incentives established by President Nayib Bukele.