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Country Leader Buys Bitcoin, Makes More Money

El Salvador's President Bukele celebrates as his Bitcoin reserve enters the black, but economists caution against premature celebration.
Try this article at a different level?

A man named Nayib Bukele, who leads a country, is very happy because he used the country's money to buy something called Bitcoin. Now, the price of Bitcoin has gone up, so he has more money than he spent. He told people who didn't agree with him that they should say sorry. But some smart money people say it's too soon to be happy because what he did was very risky. Nayib has 2,764 Bitcoins, and right now, they are worth more money than he paid.

Nayib used $120 million of the country's money to buy Bitcoins. Some people don't think this is a good idea. They say the money could have been used for other important things. Even though Nayib spent a lot of money, not many people in his country use Bitcoin. Smart money people also say Nayib is not telling everyone how he is spending the money or how many Bitcoins he has. Nayib doesn't want to sell the Bitcoins, even though their price goes up and down.

Original news source: Bitcoin rally: Is El Salvador's Bitcoin bet paying off? (BBC)

🎧 Listen:

πŸ“– Vocabulary:

1. money
2. Bitcoin
3. risky
4. country
5. happy
6. sorry
7. smart
8. sell
9. spend
10. people

Group or Classroom Activities

Warm-up Activities:

– Charades
Instructions: Divide the class into two teams. Give each team a set of words related to the article (e.g. Bitcoin, money, risk, country, etc.). One student from each team will come up to the front and act out the word silently while their team tries to guess. The team with the most correct guesses wins.
– News Summary
Instructions: In pairs, students will take turns summarizing the article to their partner in their own words. Encourage them to include the main points and key details. After both partners have summarized, they can compare their summaries and discuss any differences or misunderstandings.
– Opinion Poll
Instructions: Create a simple opinion poll related to the article (e.g. "Do you think it was a good idea for Nayib to use the country's money to buy Bitcoin?"). Have students walk around the class and ask their classmates the question, recording their responses. Afterwards, they can share their findings with the class and discuss different perspectives.
– Vocabulary Pictionary
Instructions: Give each student a vocabulary word from the article (e.g. Bitcoin, risk, money, etc.). Students will draw a simple picture to represent their word without using any letters or numbers. They can then show their drawings to the class and have their classmates guess the word. This activity can also be done in pairs or small groups.
– Two Truths and a Lie
Instructions: Have each student come up with two true statements and one false statement related to the article (e.g. "Nayib spent $100 million on Bitcoin", "Bitcoin is the most popular cryptocurrency", "Nayib's decision was supported by all his citizens"). In small groups, each student takes turns sharing their three statements while the others try to guess which one is the lie. This activity encourages listening comprehension and critical thinking.

πŸ€” Comprehension Questions:

1. Who is Nayib Bukele?

2. Why is Nayib Bukele happy?

3. What did Nayib Bukele use the country's money to buy?

4. What do some smart money people think about what Nayib Bukele did?

5. How many Bitcoins does Nayib Bukele have?

6. How much money did Nayib Bukele use to buy Bitcoins?

7. Why do some people not think it was a good idea for Nayib Bukele to buy Bitcoins?

🎧✍️ Listen and Fill in the Gaps:

A man named Nayib Bukele, who leads a country, is very happy because he used the country's money to buy something . Now, the price of Bitcoin has gone up, so he has more money than he spent. He told people who didn't agree with him that they should say sorry. But some smart money people say it's too soon to be because what he did was very risky. has 2,764 Bitcoins, and right now, they are worth more money than he paid. Nayib used $120 million of the country's money to buy Bitcoins. Some people don't think this is a good . They say the money could have been used for other important . Even though Nayib spent a lot of money, not many people in his use Bitcoin. Smart money people also say Nayib is not telling everyone how he is spending the money or how many Bitcoins he has. Nayib doesn't want to sell the Bitcoins, even though their price up and down.

πŸ’¬ Discussion Questions:

1. What is Bitcoin?
2. How would you feel if you had more money than you spent?
3. Do you think it's a good idea to use a country's money to buy Bitcoin? Why or why not?
4. What other important things do you think the money could have been used for?
5. Do you like the idea of buying Bitcoin? Why or why not?
6. How do you think Nayib feels now that the price of Bitcoin has gone up?
7. Why do you think some people don't agree with Nayib's decision?
8. Do you think it's important for Nayib to tell everyone how he is spending the money? Why or why not?
9. How do you think Nayib feels about the price of Bitcoin going up and down?
10. What would you do if you had 2,764 Bitcoins?
11. Do you think Nayib should sell the Bitcoins? Why or why not?
12. How do you think Nayib would feel if the price of Bitcoin suddenly went down a lot?

Individual Activities

πŸ“–πŸ’­ Vocabulary Meanings:

Click a dot next to a word, then click the dot next to its meaning to draw a line connecting them.

Words

1. money
2. Bitcoin
3. risky
4. country
5. happy
6. sorry
7. smart
8. sell
9. spend
10. people

Meanings

(A) Feeling good and glad about something
(B) Something you use to buy things
(C) Very clever and intelligent
(D) Something that might be dangerous or not safe
(E) Feeling bad and wanting to apologize
(F) A group of humans
(G) A special kind of money that you can only use on the computer
(H) To give something to someone in exchange for money
(I) To use money to buy something
(J) A place where a lot of people live and work together

πŸ”‘ Multiple Choice Questions:

1. Who is very happy because he bought something called Bitcoin?
(a) The smart money people
(b) The people who didn't agree with Nayib
(c) Nayib Bukele
(d) None of the above
2. What did Nayib use the country's money to buy?
(a) Gold
(b) Bitcoin
(c) Houses
(d) Cars
3. Why are some people not happy with Nayib's decision?
(a) They think Bitcoin is a good investment
(b) They think the money could have been used for other important things
(c) They think Nayib should sell the Bitcoins
(d) None of the above
4. How many Bitcoins does Nayib have?
(a) 1,000
(b) 100
(c) 10
(d) 2,764
5. What is the current value of Nayib's Bitcoins?
(a) Less money than he paid
(b) The same amount of money as he paid
(c) None of the above
(d) More money than he paid
6. What do smart money people say about Nayib's decision?
(a) It was very risky
(b) It was a great idea
(c) It was a waste of money
(d) None of the above
7. Does Nayib want to sell his Bitcoins?
(a) Yes
(b) Maybe
(c) No
(d) None of the above
8. How many people in Nayib's country use Bitcoin?
(a) Not many
(b) Most of them
(c) All of them
(d) None of them

πŸ•΅οΈ True or False Questions:

Nayib told people who didn't agree with him to say sorry.
A man named Nayib Bukele used his personal money to buy something called Bitcoin.
Some smart money people think what Nayib did was low-risk and it's not too soon to be happy.
Some people don't think it was a good idea to use the money for Bitcoin, they think it could have been used for other important things.
Nayib has 2,764 Bitcoins, and right now they are worth less money than he paid.
Nayib is happy because the price of Bitcoin has gone up, so now he has more money than he spent.
Not many people in Nayib's country use Bitcoin, and he doesn't want to sell the Bitcoins even though their price goes up and down.
Nayib didn't use any of the country's money to buy Bitcoins.

πŸ“ Write a Summary:

Write a summary of this news article in two sentences.
Check your writing now with the best free AI for English writing!

Writing Questions:

1. What did Nayib Bukele use the country's money to buy?
2. Why is Nayib Bukele happy about buying Bitcoin?
3. What do some smart money people say about Nayib's decision?
4. How much money did Nayib spend to buy Bitcoins?
5. Why do some people think Nayib's decision was not a good idea?

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β˜• 컀피 3μž” & 무료 ν”Όλ“œλ°±! πŸŽ“

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