El Salvador to airdrop $30 in Bitcoin to every adult citizen

Every Salvadoran adult who downloads the government’s Bitcoin wallet app will be eligible for an airdrop of $30 worth of BTC.

The president of El Salvador has announced the government will airdrop $30 worth of Bitcoin (BTC) to every adult citizen of the country.

The announcement was welcomed by Bitcoiners, with influencers speculating that El Salvador’s government will need to purchase the required BTC it intends to distribute adding more than $100 million in buying pressure on markets.

Quickly googled estimates of the adult population of El Salvador varied, with on-chain analyst Willy Woo tweeting that Bitcoin’s global user base will grow by 2.5% thanks to the influx of 4.5 million Salvadorans.

Others placed the Salvadoran adult population as high as 6.5 million (which is actually the total population), with Yahoo Finance anchor Zack Guzman using the figure for some rough, back-of-the-envelope calculations, suggesting that $195 million worth of Bitcoin will be airdropped across the country.

Exact figures are hard to find, but Statista shows that in 2019, the population aged 15 and above was 4.72 million.