Would you pay $1M dollars worth of BTC or USDT for an El Salvadorian passport?

[Poker Player]

I'm struggling with my English and much more on my Latin I have zero knowledge when it comes to Latin and besides Bitcoin, I hardly know anything about El Salvador I prefer to invest my $1 million if I have that amount in my own country I think my country is better than El Salvador in terms of tourist attraction we have the best beaches and we have the cheapest services and cost of living here is very low.
And besides my my country's passport ranked 7 higher than El Salvador.

Latin? Latin or Latin language has not been spoken for hundreds of years, more than a thousand years if we count street speech, since it survived in the Middle Ages in the churches as a language of worship. You mean Spanish.

Going to the topic of the thread, having a passport from El Salvador is not one of my priorities either, and if I were to get one, it would not be at the top of the list. However, if I had a very high net worth, like more than $30M, maybe I could think about it after visiting the country and seeing that I liked it.

[hd49728]

Yes, that's it, as an investor would you pay such an amount to automatically become an El Salvadorian citizen? According to the news on various news site, El Salvadorian government has partnered with Tether to launch a program tagged "Adopting El Salvador Freedom Visa Program.” Applicants are required to pay a non refundable $999 fee in BTC or USDT, if the application is successful, they'd be required to undergo KYC and a $1M dollar deposit in BTC or USDT to secure a freedom visa and citizenship.

I am not against El Salvador but this is not a safe nation to live. With high criminal rate, do you think it is a safe place to live?

So spending $1M for a passport in an unsafe nation is something not smart. It can be changed in future if El Salvador government can do massive changes for their nations from politics to economics and social status. Only make that nation is Bitcoin legal tender is not enough to make the nation as a heaven, a wanted destination for the rich.

$1M for a passport is like from the rich's spending and as said, I don't believe will want to live in El Salvador.

[Porfirii]

<…>

The 1M $, according to their promotional site (see link listed below) is meant to be used for:

Their $1 million contribution will go toward economic development, cultural enrichment and social programs meant to achieve maximum economic development and rebirth.

In parts of their site, they use the term "invest", though it certainly looks more like a donation than anything (certainly not an investment of a type that one would expect a direct return from). Their terms use the term "donation", which is more adequate the term "investment" used throughout the site.

The offer (so as to say) is delimited to 1K people per year. I’m not really convinced that they’ll really need to apply such a limit in practice, specially for a passport that’s not really very high up in the passport rankings.

See:
https://adoptingelsalvador.gob.sv/welcome

Thank you for the info Ddmr: we tend to run for conclusions in topics we don't fully understand, but everything is a bit clearer with relevant insight.

So it seems that the Salvadoran government is looking for new funding channels, and that it's directly selling the nationality (limited offer: up to 1000 people per year ). If I was in a position where I could spend such amount of money without hesitating, I would prefer to donate it directly to causes I really like rather than any government, even if the latter has the mentioned incentives attached.

Trying to find out an exception, if I was a Cuban for example and got rich thanks to cryptos, I would think about it in order to get the second nationality and escape the country. But I think that this kind of cases are very unusual.