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News

President Bukele’s Bold $133k Bitcoin Donation to Build 1,000 Schools in Honduras

October 24, 2024 - Around 2 mins mins to read

Key Points:

  • El Salvador’s Nayib Bukele donated 2 BTC, valued at $133,000, to support education infrastructure in Honduras.
  • Bukele’s pro-crypto stance highlights how Bitcoin can drive real-world impact, focusing on improving schools in underserved areas.
  • The Bitcoin donation will help build 1,000 new schools in Honduras, addressing the country’s urgent need for better educational facilities.
Salvadoran President Nayib Bukele has struck the headlines for a generous Bitcoin donation to improve education in neighbouring Honduras.
President Bukele’s Bold $133k Bitcoin Donation to Build 1,000 Schools in Honduras

Nayib Bukele’s $133k Bitcoin Donation for Education in Honduras

To raise funds to help build 1,000 schools throughout Honduras, Bukele donated 2 Bitcoin, worth around $133,000, in the country’s more significant effort to meet the needs for educational infrastructure.

Bitcoin donation has been widely applauded because it underlines not only Bukele’s interest in cryptocurrency but also his concern for education and regional development. Bukele is one of the more well-known pro-Bitcoin presidents and has made El Salvador the first country to make Bitcoin legal tender, a move that has raised the temperature in discussions around the world about the place of cryptocurrencies in modern economies. And now, this latest act of philanthropy sets him fast in his belief of Bitcoin as a force for good.

Read more: Nayib Bukele Net Worth: The Bitcoin Enthusiast President

Building 1,000 Schools with Bitcoin Funds

The money from Bukele’s Bitcoin donation will fund the building of much-needed educational facilities in the poorest regions of Honduras. Many communities currently have to deal with inadequate schooling facilities, which ultimately has a profound impact on attendance and quality of education. The project involves building 1,000 schools, which will likely bring a long-lasting change in the Honduras education system.

In a statement to the public, President Bukele talked about education shaping Central America’s future. He said: Hopefully, this Bitcoin donation will set the seed for other leaders and billionaires to make similar donations, and now that we are adopting Bitcoin and other cryptocurrencies, we can make that happen.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Bitcoin Donation

Nayib Bukele

Schools in Honduras

Author

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.