El Salvador has the potential to become the Singapore of the Americas, according to VanEck strategy advisor Gabor Gurbacs. Gurbacs believes that, similar to Singapore’s success in the 1990s, El Salvador can attract new capital investment and immigration to fuel its economic growth. This sentiment was echoed by Bitcoiner Max Keiser, who listed several reasons why El Salvador should be on everyone’s radar, including its adoption of Bitcoin as legal tender, its low crime rates, beautiful beaches, and excellent coffee. The appointment of Nayib Bukele as El Salvador’s president in 2019 further solidified the country’s status as an emerging economy. El Salvador has seen significant growth in its sovereign bonds, outperforming many other emerging markets and catching the attention of major investment management firms. Additionally, the country has made efforts to tap into its volcanic resources for Bitcoin mining and eliminate taxes on technology innovations, which may attract more entrepreneurs and foreign capital.