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Bitcoin News

El Salvador President Bukele Donates Bitcoins for Schools in Honduras

President Bukele donates 2 Bitcoins to philanthropist Shin Fujiyama, who thanks him during his 3,000 km charity run for schools.

Written By Ronak Kumar
Fact Checked by Vaibhav Jha
Published 2024-10-24·Updated 2 years ago
Make The Crypto Times preferred on GoogleGoogle
El Salvador President Bukele Donates Bitcoin for Schools in Honduras

Known for his crypto savvy image, El Salvador President Nayib Bukele has donated two Bitcoins, worth around $133,000, to help fund a project aimed at building 1,000 schools in Honduras. 

The donation was made to Shin Fujiyama, a well-known philanthropist and founder of Students Helping Honduras, an organization focused on addressing poverty through education. President Bukele has been known for his proactive steps towards greater adoption of cryptocurrencies especially Bitcoin to revive the economy of the Central American nation.

El Salvador’s President Donates Bitcoin to Build 1,000 Schools
Source: X

Fujiyama is currently on a 3,000-kilometer charity run to raise money for the school-building project. Inspired by President Bukele’s leadership and commitment to Bitcoin, Fujiyama expressed his gratitude in a video where he emotionally thanked the president for the donation.

Bukele has been a vocal advocate for Bitcoin since making it legal tender in El Salvador in 2021. This donation aligns with his ongoing efforts to integrate Bitcoin into everyday life and use it for positive change. 

Despite some challenges with Bitcoin adoption in El Salvador, Bukele remains committed to its future, having recently confirmed the country’s policy of purchasing one Bitcoin a day.

The donation highlights Bukele’s broader vision of using Bitcoin for economic development and humanitarian causes.

As Bitcoin continues to rise in value, this contribution will play a crucial role in helping Honduran communities through education.

Also Read: How Bitcoin Lover Prez Nayib Bukele Crushed 70,000 Gangsters and Rose El Salvador GDP by 3.5%

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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