Yeah, I’m super confused. The original quote (a few years ago) was “three bitcoin” which seemed reasonable to me.

The $1 million price would make it the most expensive in the world (to my knowledge). And most citizenship by investment programs only require a real estate purchase, which you get back when you sell the property.

The way the FAQ is worded makes it seem like the ES program is a donation, which makes it even more extreme!

You’re right that there is a lot of risk. Much depends on Bukele’s political survival. I would also be worried that there will be other options in the future (because this one seems so crazy) and then they’ll lower the price and rug-pull early adopters.

I really feel like I must be missing something.

Yes, IMHO it’s super important to get at least one other passport and perhaps other residencies. The world continues to get crazy and you need escape options to protect your family. Argentina seems like an interesting choice depending on Melei’s success.