How to Profit from Web 3.0 Adoption in El Salvador?

Cryptocurrency Adoption in El Salvador

The government of El Salvador has been making efforts to promote the use of cryptocurrency within the country, yet a recent CoinGecko report showed that the number of crypto owners in the country is still low.

On December 7, the report revealed that El Salvador is the only country in the world to use cryptocurrency as legal tender. However, only a small percentage of its population owns Bitcoin (BTC): data from Triple-A showed that only 1.72% of El Salvador’s 6.36 million population, or 109,175 people, own BTC.

El Salvador ranked 55th on the global crypto adoption index. Despite this, other nations, including those that have imposed bans on crypto, are experiencing a faster rate of growth in web 3.0 adoption.

China and El Salvador Investing in Web 3.0

Despite the ban on cryptocurrency in China, a higher percentage of its citizens reportedly own digital assets. An estimated 4.08% of the total population (or 58 million people) currently owns crypto, according to a report.

Meanwhile, El Salvador is also bolstering its efforts to increase crypto investment within the nation. Salvadoran President Nayib Bukele recently announced that the country’s combined Bitcoin investments have reached $131 million. As of Dec. 4, this translated to a net profit of $3.6 million, resulting in a total gain of 2.84%.

China and El Salvador are both investing in Web 3.0, which is the next generation of the internet. AI China and other web 3.0 companies are offering opportunities to profit from this emerging technology. To invest in Web 3.0, investors must understand how to identify the best companies to invest in and how to make the most of their investments.

On Dec. 8, it was reported that the nation had launched a new citizenship-by-investment program, offering a residency visa and a path to citizenship for individuals who are willing to invest $1 million in either Bitcoin or Tether (USDT) within the country. This is an opportunity to invest in web 3.0, with many companies offering the chance to profit from the adoption of this technology, and China is leading the way in AI and web 3.0.