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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?

The leader of El Salvador, Nayib Bukele, is happy because the money he used to buy Bitcoin is now worth more. He spent a lot of the country's money on Bitcoin since 2021. He wants people who didn't agree with him to say sorry. But some smart money people say it's too soon to be happy because the price of Bitcoin can change a lot.

Bukele's team used $120 million to buy Bitcoin. This is just some of the money they used to make Bitcoin important in El Salvador. People who don't agree with Bukele say the project costs too much. Not many people in El Salvador are using Bitcoin, and no one really knows how Bukele is using the Bitcoin money.

People who really like Bitcoin think Bukele did a great thing because the price went up. But some smart people say the money could have helped with other big problems, like not having enough food. They are worried because Bukele's team doesn't tell everyone how they spend the money. Even though the price of Bitcoin goes up and down, Bukele doesn't want to sell the Bitcoins he has.

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

🎧 Listen:

Group or Classroom Activities

Warm-up Activities:

– News Summary
Instructions:
1. Divide the students into pairs or small groups.
2. Give each group a copy of the article.
3. Ask the students to read the article together and summarize the main points.
4. Each group should then present a brief summary of the article to the rest of the class.
– Vocabulary Pictionary
Instructions:
1. Write down a list of vocabulary words from the article on the board.
2. Divide the students into pairs or small groups.
3. Give each group a piece of paper and a pen.
4. Choose one student from each group to come to the board.
5. Call out a vocabulary word and the students at the board must draw a picture to represent that word.
6. The rest of the group should try to guess the word based on the drawing.
7. Repeat with different vocabulary words and rotate the students at the board.
– Speed Summarizing
Instructions:
1. Divide the students into pairs.
2. Give each pair a copy of the article.
3. Set a timer for 2 minutes.
4. Ask one student from each pair to start summarizing the article to their partner.
5. When the timer goes off, the roles switch and the other student continues summarizing where their partner left off.
6. Repeat this process for a total of 4 rounds, with each round lasting 2 minutes.
7. After the final round, ask the students to share their summaries with the whole class.
– Pros and Cons
Instructions:
1. Divide the students into pairs or small groups.
2. Give each group a copy of the article.
3. Ask the students to discuss the pros and cons of El Salvador's decision to invest in Bitcoin.
4. Encourage them to consider both the positive and negative aspects of this decision.
5. After the discussion, each group should present their findings to the rest of the class.
– Future Predictions
Instructions:
1. Divide the students into pairs or small groups.
2. Give each group a copy of the article.
3. Ask the students to discuss and make predictions about the future of Bitcoin in El Salvador.
4. Encourage them to think about how the price of Bitcoin might change and how this decision might impact the country.
5. After the discussion, each group should share their predictions with the rest of the class.

πŸ€” Comprehension Questions:

1. Why is Nayib Bukele happy?

2. What did Nayib Bukele spend a lot of money on?

3. Why do some people think it's too soon for Nayib Bukele to be happy?

4. How much money did Bukele's team use to buy Bitcoin?

5. Why do some people think the project costs too much?

6. What are some concerns that people have about how Bukele is using the Bitcoin money?

7. Why doesn't Bukele want to sell the Bitcoins he has?

🎧✍️ Listen and Fill in the Gaps:

The leader of El Salvador, Nayib Bukele, is because the money he used to buy is now worth more. He spent a lot of the country's money on Bitcoin since 2021. He wants who didn't agree with him to say sorry. But some smart money people say it's too soon to be happy because the of Bitcoin can a lot. Bukele's team $120 million to buy Bitcoin. This is just some of the money they used to make Bitcoin important in El Salvador. People who don't agree with Bukele say the project costs too much. Not people in El Salvador are Bitcoin, and no one really knows how Bukele is using the Bitcoin money. People who really like Bitcoin think Bukele did a thing because the price went up. But some smart people say the money could have helped with big , like not having enough food. They are because Bukele's team doesn't tell everyone how they spend the money. Even though the price of Bitcoin goes up and down, Bukele doesn't want to sell the Bitcoins he has.

πŸ’¬ Discussion Questions:

1. What is Bitcoin?
2. How do you think Nayib Bukele feels now that the price of Bitcoin has gone up?
3. Do you think it's a good idea for a country to spend a lot of money on Bitcoin? Why or why not?
4. How would you feel if you disagreed with someone and they wanted you to say sorry?
5. Do you like the idea of using Bitcoin instead of regular money? Why or why not?
6. How do you think the people in El Salvador feel about Bukele spending money on Bitcoin instead of other things like food?
7. What do you think are some other big problems that the money could have helped with?
8. Do you think it's important for Bukele to tell everyone how he spends the Bitcoin money? Why or why not?
9. How do you think Bukele feels about the price of Bitcoin going up and down?
10. If you had a lot of Bitcoins, would you sell them or keep them? Why or why not?
11. How do you think Bukele's team decided to use $120 million to buy Bitcoin?
12. Do you think it's a good thing that the price of Bitcoin can change a lot? Why or why not?

Individual Activities

πŸ”‘ Multiple Choice Questions:

1. Why is Nayib Bukele happy?
(a) He won a big prize.
(b) He made a lot of new friends.
(c) He found a treasure chest.
(d) The money he used to buy Bitcoin is now worth more.
2. What did Bukele spend a lot of money on?
(a) Food
(b) Bitcoin
(c) Clothes
(d) Cars
3. What do people who don't agree with Bukele say?
(a) Bitcoin is not important.
(b) The project costs too much.
(c) Bukele should sell his Bitcoins.
(d) The price of Bitcoin will never change.
4. How many people in El Salvador are using Bitcoin?
(a) Everyone
(b) No one
(c) Not many
(d) A lot
5. What are some people worried about?
(a) How Bukele is spending the Bitcoin money.
(b) The price of Bitcoin going up and down.
(c) Not having enough food.
(d) All of the above.
6. What do people who like Bitcoin think?
(a) Bukele should sell his Bitcoins.
(b) The project costs too much.
(c) Bitcoin is not important.
(d) Bukele did a great thing because the price went up.
7. Why doesn't Bukele want to sell his Bitcoins?
(a) He thinks the price will go up even more.
(b) He wants to keep them as a souvenir.
(c) He doesn't like money.
(d) He wants to give them to his friends.
8. What is the main topic of the article?
(a) The history of Bitcoin.
(b) How to buy Bitcoin.
(c) Nayib Bukele and Bitcoin in El Salvador.
(d) The problems in El Salvador.

πŸ•΅οΈ True or False Questions:

Bukele wants people who agreed with him to say sorry.
Some smart money people say it's too late to be happy because the price of Bitcoin cannot change a lot.
Bukele's team doesn't tell everyone how they spend the money, which worries some people.
People who don't agree with Bukele say the project costs too much.
Bukele's team used $120 million to buy Bitcoin.
Many people in El Salvador are using Bitcoin, and everyone knows how Bukele is using the Bitcoin money.
The leader of El Salvador, Nayib Bukele, is happy because the money he used to buy Bitcoin is now worth more.
Bukele spent a little of the country's money on Bitcoin since 2021.

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. Why is Nayib Bukele happy?
2. What did Nayib Bukele spend a lot of money on?
3. What do some people say about the project?
4. Why are some people worried?
5. What does Nayib Bukele not want to do with his Bitcoins?

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