**El Salvador Shifts Bitcoin Holdings to Cold Wallet Amid Presidential Decree**

Salvadoran President Bukele, recently re-elected for a second term, announced the decision to transfer a significant portion of the country's bitcoin holdings to a cold wallet, which will be securely stored in a physical vault within the nation. Bukele emphasized the move as a step towards bolstering security and transparency, stating, "It's not much, but it's honest work."

*Postscript:* Bukele's announcement follows El Salvador's groundbreaking move in September 2021, becoming the first country to officially recognize bitcoin as legal tender. The initiative includes plans for the development of Bitcoin City near the Conchagua volcano, offering residents tax exemptions, barring VAT. Additionally, since December 2023, authorities have introduced a program allowing citizenship in exchange for investments worth $1 million in bitcoins (BTC) or USDT in the country's economy.

**#ElSalvador #Bitcoin #ColdWallet #Cryptocurrency #Bukele #BitcoinCity #LegalTender #EconomicPolicy #InvestmentImmigration**

In summary, President Bukele's decision to shift El Salvador's bitcoin reserves to a cold wallet underscores the nation's commitment to embracing cryptocurrency while ensuring security and stability. This move aligns with El Salvador's pioneering efforts in integrating bitcoin into its economic framework, offering incentives for investors and residents alike.

**Keywords: El Salvador, Bitcoin, Cold Wallet, Cryptocurrency Adoption, Bukele, Economic Policy**

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