Vera Bergengruen, a journalist from Time magazine, stated that Salvadoran President Nayib Bukele's push for Bitcoin to become a legal tender is primarily for public relations effects rather than substantial economic improvements. Bukele's advisors referred to the introduction of Bitcoin as a 'great rebranding' and a 'thorough PR move,' aiming to change the external perception of El Salvador. Since announcing the legalization of Bitcoin in 2021, the policy has caused chaos, leading Bukele's team to promote the potential benefits of Bitcoin. Bukele had proposed the establishment of a 'Bitcoin City' powered by volcano energy, but the project remains incomplete. He also regularly discusses using national funds to purchase Bitcoin, with approximately 400 million dollars in the 'public wallet' currently. Bukele will continue to serve as president until 2029. (Cointelegraph)