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| Source: Cryptotime.io |
The United States President Donald Trump, through his Executive Director for Digital Assets Bo Hines, has met with El Salvador President Nayib Bukule to discussed how the two countries will shape global finance through Bitcoin (BTC) and other digital assets.
According the X's post that disclosed the meeting on June 5, 2025 the two executives "discussed collaboration between the United States and El Salvador on bitcoin and digital assets." In addition to that, both of them talked about various topics similar to digital asset innovation and collaboration.
President Bukele met with @BoHines47 from the White House this afternoon.
— The Bitcoin Office (@bitcoinofficesv) June 5, 2025
They discussed collaboration between the United States and El Salvador on bitcoin and digital assets. @BoHines pic.twitter.com/CPoR8rs0bO
Noted, this is not the first time the two countries are meeting to collaborate on national matters. Sometime in the mid April, El Salvador President Nayib Bukule met with President Donald Trump at the White House in mid-April to discuss migration and deportations, as it's hitting at that time when Trump administration wants all illegal immigrants to return home.
However, the recent meeting between El Salvador President Nayib Bukele and Bo Hines from the White House is an important push for economic and technological collaboration between the United States and El Salvador. The meeting also highlights Trump’s growing engagement with cryptocurrency these days. The two nations are prioritizing strategic synergy in the realm of digital assets and Bitcoin.
El Salvador Earlier Adoption of Bitcoin
El Salvador became the first country to adopt Bitcoin as legal tender in 2021. Under President Nayib Bukele, the country keeps buying one Bitcoin (1 BTC) daily to build its reserves. This move aims to boost financial inclusion and reduce dependence on traditional banks.
As of now, the El Salvador government holds 6,198 BTC, worth about $651 million, per Arkham Intelligence. Bukele’s strategy is paying off as Bitcoin’s value rises, driven by pro-crypto policies like the U.S. push for a strategic Bitcoin reserve.
So, the meeting with Trump's Executive Director for Digital Assets Bo Hines aligns with El Salvador’s vision on Bitcoin. However, it's important to note that Bitcoin’s price fell 0.78% to $104,972 in the last 24 hours as of June 5, 2025. The Trading volume dropped due to tariff concerns. Still, El Salvador remains committed to its Bitcoin strategy despite short-term market dips.
Bukele’s bold approach has made El Salvador a global test case for state-backed cryptocurrency use. Challenges like tech literacy persist, but the country’s experiment continues to draw attention from policymakers worldwide.