WELCOME TO BITCOIN CITY, EL SALVADOR

FILE - El Salvador's President Nayib Bukele speaks at the closing party of “Bitcoin Week,” where he announced the plan to build the first "Bitcoin City" in the world, in Teotepeque, El Salvador, Nov. 20, 2021. SAN SALVADOR, El Salvador — El Salvador's Bitcoin-boosting president has asked people to be patient after the price of the cryptocurrency fell below $20,000 — less than half the price the government paid. According to the tracking site nayibtracker.com, El Salvador

SAN SALVADOR, Feb 20 (Reuters) - El Salvador President Nayib Bukele on Sunday said he will send Congress a proposal to grant citizenship to foreigners who invest in the Central American country as well as other initiatives to reduce government hurdles in order to attract investment projects. Bukele did not specify whether the bills would be aimed exclusively at bitcoin-linked entrepreneurs, but during the week he referred to El Salvador as "the land of #Bitcoin freedom." "I'm