El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻

[tvbcof]

El Salvador just scooped up another 11 BTC—$1M
to support a crumbling system while the world clings to fiat.
Bitcoin offers real freedom amid government chaos.
Centralized nonsense? No thanks! #Bitcoin
Ref

11 BTC is an interesting number.  Supposedly it is about the amount that El Salvador sells passports for.  I wonder if there is a correlation between passport sales and these infusions into the 'reserve' or whatever they call it.

It is interesting that these discontinuities started at the time when El Salvador dropped BTC as legal tender by accepting taxes only in United States Dollars.  At least the discontinuities are public information which is laudable.  Transparency is one of the things which is made practical with Bitcoin technology.  There are other even more valuable things, but transparency is a start.

[Popkon6]

Source link
🇸🇻 El Salvador’s National Library to feature a special BTC section 🚬

Visitors will find top Bitcoin books and even see a live-running BTC node 🪙
Education meets decentralization - Satoshi would be proud 😎

Nayib Bukele is making every kind of arrangement for Bitcoin education for the people of El Salvador. If there is a system for Bitcoin education at hand, the people of the country will definitely show great interest in it, and it will be possible to quickly reach the peak of progress. And Bitcoin education will come forward quickly and be successful.

[delfastTions]

The International Monetary Fund (IMF) Board will consider this Wednesday El Salvador's request for $1.4 billion in financial assistance.
At the request of the IMF, the country's government has reformed its controversial bitcoin law to strengthen the financial assistance program.
The IMF Executive Board, the highest body of this multilateral organization, will consider the Salvadoran government's request for a financial assistance program.

The Board's approval will be based on compliance with the preconditions assumed by the Naib Bukele administration.  At the same time, the reforms of the Bitcoin law are of greater importance, which has become a stumbling block for the government since its entry into force in September 2021, preventing an agreement and costing four years of negotiations.

In my opinion, most likely, Bukele played a very successful political and financial game with the IMF, using the banking community's fear of Bitcoin. In my opinion, this ingenious combination has allowed him to now maintain Bitcoin circulation in the country, albeit in a slightly limited form. And for Bukele, the change in Bitcoin circulation was a powerful trump card in negotiations with the IMF. As a result, I believe that these $ 1.4 billion are provided to him on good terms. And in general, Bukele seems to be pursuing an excellent policy in the financial and economic, as well as IT investment sectors of El Salvador. If you add his aggressive and very effective fight against crime, then it turns out that more than 80-86% of the population supports such a president.  We can all only rejoice that the people of El Salvador elected such an active, thoughtful and insightful president.

[Sonia_123]

El Salvador Pauses Bitcoin (BTC) Purchases Amid IMF’s $1.4B Loan Pressure.
https://coingape.com/trending/el-salvador-pauses-bitcoin-btc-purchases-amid-imfs-1-4b-loan-pressure/

El Salvador has paused its daily Bitcoin purchase after its agreement with IMF for a $1.4B loan.
The country has modified its Bitcoin law, stripping this digital asset of its currency status, unmandated BTC transactions, and more.
Investors are concerned about El Salvador's decision, which could impact BTC's price performance.
El Salvador, the first country to accept Bitcoin as a legal tender, has paused its BTC purchases, shocking the entire crypto community. Despite the country’s commitment to buying one token of the biggest cryptocurrency in the market daily, it has stopped the process amid pressure from the International Monetary Fund (IMF) ’s $1.4 billion loan.

[Soft Crem]

El Salvador has not bought any Bitcoin in a week.

This is the longest pause in its “Bitcoin a Day” program since the Bitcoin Office began reporting official metrics.



https://x.com/BitcoinNewsCom/status/1894090500468093262?t=sgXArDQgoqaQJFNZv5Yjmw&s=19

[Powerjumboo]

El Salvador has not bought any Bitcoin in a week.

This is the longest pause in its “Bitcoin a Day” program since the Bitcoin Office began reporting official metrics.



https://x.com/BitcoinNewsCom/status/1894090500468093262?t=sgXArDQgoqaQJFNZv5Yjmw&s=19

After speculation about El Salvador pausing its “Bitcoin a Day” program for a week, Bukele responds with “O ye of little faith…” and proof of an 8 BTC purchase.

The government of El Salvador has promised to buy one Bitcoin every day. Maybe he started speculating that he would stop the Bitcoin a Day program for a week but he did not stop buying Bitcoin, he bought 8 Bitcoins a while ago today and congratulated everyone. The time he bought it was the most dumping time of the week.

[Cossyblack]

BREAKING: El Salvador just bought the #Bitcoin dip, adding 7 $BTC to their reserve.

Chief Treasury is back from vacation — LFG!
X

[john_egbert]

BREAKING: El Salvador just bought the #Bitcoin dip, adding 7 $BTC to their reserve.

They will probably add up even more due to the current situation on the market 

[Soft Crem]

The Salvadoran government added seven bitcoins to the national reserve

With the new purchase, @nayibbukele's administration reaffirms its intention to strengthen the strategic reserve of bitcoin.

The Salvadoran government added seven bitcoins to the country's national reserve on Monday, bringing the number of coins available in the Public Treasury to 6,088, worth $574 million at the price of $93,000.

"O ye of little faith…" President Nayib Bukele wrote in 𝕏 when announcing the new acquisition, alluding to comments from some members of the community, who pointed out that no bitcoin had been purchased in the last six days.
x.com/nayibbukele/st…

With yesterday's move, Bukele's administration is catching up on the daily strategy and reaffirming its intention to strengthen the strategic reserve.

After its publication, Michael Saylor, executive chairman and co-founder of Strategy (formerly MicroStrategy), a U.S. company with a market capitalization of $83,000 million, which has reserves of 478,740 bitcoins, responded: "I have faith."
Recently, @saylor and Bukele held a meeting in which they discussed the adoption of Bitcoin and the benefits it can bring to the country.

x.com/nayibbukele/st…

For its part, the National Bitcoin Office (ONBTC) @bitcoinofficesv published on the matter: "Stacking will continue until morale improves!"

In a recent interview with this media, @stacyherbert, director of the National Bitcoin Office (ONBTC), was blunt and assured that the state's strategic reserve will continue to grow.

x.com/bitcoinoffices…

"Our bitcoin buying strategy will remain the same and may even increase," she stated.
Bukele began in 2021 with an occasional purchase of units of the digital asset and at the end of 2022 intensified that action with the announcement of the acquisition of one bitcoin per day. To date, 830 bitcoins have been purchased through the periodic strategy, with a yield of 100%.

Article: @elsalvador   By: @kealrive22
Translated: @ESTRANSLATED
https://x.com/ESTRANSLATED/status/1894177818474430696?t=U_ldUUBZ_OJHRKvEdIzH8w&s=19

[cxtreenal]

The government of El Salvador has promised to buy one Bitcoin every day. Maybe he started speculating that he would stop the Bitcoin a Day program for a week but he did not stop buying Bitcoin, he bought 8 Bitcoins a while ago today and congratulated everyone. The time he bought it was the most dumping time of the week.

This is another opportunity to accumulate Bitcoin continuously and buy more aggressively during dips. El Salvador President Nayib Bukele has confirmed that he is accumulating Bitcoin according to his competitors and they are using dips properly. For investors accumulating Bitcoin in DCA strategy buying at dips will reduce UP to your portfolio. Nayib Bukele using the dips opportunity.



https://x.com/nayibbukele/status/1894113420900741275

[Popkon6]

The government of El Salvador has promised to buy one Bitcoin every day. Maybe he started speculating that he would stop the Bitcoin a Day program for a week but he did not stop buying Bitcoin, he bought 8 Bitcoins a while ago today and congratulated everyone. The time he bought it was the most dumping time of the week.

This is another opportunity to accumulate Bitcoin continuously and buy more aggressively during dips. El Salvador President Nayib Bukele has confirmed that he is accumulating Bitcoin according to his competitors and they are using dips properly. For investors accumulating Bitcoin in DCA strategy buying at dips will reduce UP to your portfolio. Nayib Bukele using the dips opportunity.



https://x.com/nayibbukele/status/1894113420900741275

El Salvador's President Nayib Bukele is the most likely to make a deep purchase of Bitcoin at this time. Because he buys one Bitcoin every day, he is buying a deep purchase every day in this current position. There are various reasons for the current decline in the price of Bitcoin, but there is a positive side to investing in Bitcoin for El Salvador.
 Because he is holding Bitcoin regularly, he will be able to hold this holding for more in the future. Because he will be able to hold Bitcoin for the next bull run or for a longer period of time.

[Fiatless]

El Salvador's President Nayib Bukele is the most likely to make a deep purchase of Bitcoin at this time. Because he buys one Bitcoin every day, he is buying a deep purchase every day in this current position. There are various reasons for the current decline in the price of Bitcoin, but there is a positive side to investing in Bitcoin for El Salvador.
 Because he is holding Bitcoin regularly, he will be able to hold this holding for more in the future. Because he will be able to hold Bitcoin for the next bull run or for a longer period of time.

Many critics felt that the IMF loan conditions would hamper the Bitcoin plan of El Salvador. But they are wrong since the government has kept on acquiring the coin. Using the DCA strategy is good since it gives hodlers the opportunity to buy Bitcoin at various prices.

El Salvador has no plan to see it for now. So, saying that they are keeping the coins for the next bull run is out of place. Maybe they will keep accumulating until the price gets to the moon.

[passwordnow]

El Salvador has no plan to see it for now. So, saying that they are keeping the coins for the next bull run is out of place. Maybe they will keep accumulating until the price gets to the moon.

They have made Bitcoin as a legal tender and I don't think that they have a choice to keep it now and then sell it on the next bull run. They'd probably sell some but I guess that they're accumulating most of it for them to have it as a backing to it as a legal tender. It takes a lot for them to let their people understand its whole use for their own country and economy. That's why I am believing that they're not going to sell and that's to keep its value for their own economy because there is no other way it will go but only going up and to benefit themselves for being a legal tender.

[Cossyblack]

JUST IN: 🇸🇻 El Salvador keeps buying the dip.

+10 Bitcoin in 7 days.
X

[Uruhara]

JUST IN: 🇸🇻 El Salvador keeps buying the dip.

+10 Bitcoin in 7 days.
X

Well, it looks like El Salvador's steps to continue accumulating Bitcoin are still continuing. Where there is a correction in the market, that's when we continue to see this country continue to collect bitcoin little by little. And now in the last 24 hours even El Salvador has also collected back 5 BTC and is actually +9BTC compared to your picture above. And yeah this is a good move for the long term. I always remember the days when the price of bitcoin was $16k USD. At that time, many criticized El Salvador regarding their bitcoin purchases which seemed too expensive at that time which was at the ATH price in the bullish season last season. But if we look at current prices, even in the midst of the correction we can see that El Salvador is at least buying at prices that are quite low compared to current prices. And let's look again in the next 10 years.

Sourch : https://x.com/fiatarchive/status/1896760487280546135

[Nathrixxx]

Simple ideas for the wise who have taken opportunity by entering for the market at $78k and selling at $94k.

There's no any other buying opportunity than this, some are already making their profits while some are doing nothing.

We have lots to learn from some of the steps taken by the government of El-Salvador, not even their investments or buying strategy alone, but other decisions making process in which they have taken and implemented towards their bitcoin adoption, the world now look unto them to learn more, the moment they discover they need no more the influence of IMF with them, freedom can never be given, we have to take it.

[champions]

The IMF is seeking to block 🇸🇻 El Salvador from buying more Bitcoin and refrain from issuing Bitcoin-backed debt or tokens as a condition of its 💵 $1.4B loan agreement.

https://x.com/BitcoinNewsCom/status/1896910275821113575?t=RWY8w4EFhVqtyQbcBkwWzQ&s=19

[Soft Crem]

1/ THE HARSH REALITY OF THE 🇸🇻 EL SALVADOR IMF DEAL

El Salvador’s $1.4B IMF deal reveals a nation in deep debt and in dire straights economically.

Public debt hit 87% of GDP in 2024.

The country sought IMF aid to avoid default.

What does this mean for Bitcoin Country? 🧵

https://x.com/BitcoinNewsCom/status/1896958450175000955?t=socQn-THFosLhzY8jthMIw&s=19

2/ Bukele’s security transformation and Bitcoin adoption fueled the belief of an economic boom in El Salvador.

The reality: GDP growth averaged just 2.8% over five years, with 2025 projected lower.

Extreme poverty has nearly doubled since 2019 to 8.8% in 2023.

https://x.com/BitcoinNewsCom/status/1896958452867682326?t=K8aUSWf9y8cRpOz2G2E0Zw&s=19

3/ El Salvador’s debt surged 52% from 2019 to 2024, nearly matching the U.S.’s 57% rise.

It's debt jumped from $21B to $32B, with bond buybacks (like $1.7B in April 2024) refinanced at higher rates rather than repaid, masking the crisis.

https://x.com/BitcoinNewsCom/status/1896958454700671229?t=64wJLG4eQhfMQIwB3jWYIg&s=19

4/ El Salvador resisted the IMF for years but had no choice in 2024.
With a 4.4% GDP deficit and $1.5B in annual interest payments, it needed external help to stay afloat.

However, this came with a heavy cost in terms of its Bitcoin program.

https://x.com/BitcoinNewsCom/status/1896958456831352973?t=2_8IrSDcqzXXF4ffGjt_hg&s=19

5/ To secure the $1.4B, El Salvador had to:
• End Bitcoin’s legal tender status
• Halt new Bitcoin purchases
• Shut down Chivo
• Disclose all government Bitcoin wallets and holdings
• Stop government-sponsored Bitcoin mining.

https://x.com/BitcoinNewsCom/status/1896958459423469769?t=QPqgGM8hMCQw_yE4NbX-1w&s=19

6/ What happens to El Salvador's current stack of 6,100 BTC?

El Salvador can keep its existing Bitcoin but can’t buy more. Since holdings don’t threaten fiscal stability, the IMF deal doesn’t require selling.

At a $500M valuation, it still pales in comparison to the $32B debt.

https://x.com/BitcoinNewsCom/status/1896958461554176008?t=cWGpDgvqKCD4AC4CRajc6A&s=19

7/ El Salvador’s fiscal crisis predates Bukele.

Decades of mismanagement left the country vulnerable.

While Bukele has made major reforms, rising debt became unsustainable, forcing an IMF deal.

https://x.com/BitcoinNewsCom/status/1896958463596810594?t=nqJ1BmKZgMvz0QbX9uFeAw&s=19

8/ Despite the IMF deal, Bitcoin in El Salvador continues to grow.

Top education initiatives: @MyfirstBitcoin_, @NodeNationSV, @cuboplus.

Thriving circular economies: @Bitcoinbeach , @BitcoinBerlinSV

Major players like Tether and Rumble are setting up in the country as well.

https://x.com/BitcoinNewsCom/status/1896958465484148861?t=Fxv2EZ9crGEhKrCx3xNx0w&s=19

[tvbcof]

1/ THE HARSH REALITY OF THE 🇸🇻 EL SALVADOR IMF DEAL
...

Kudos for a pretty good rundown of objective reality (if true.)  This contrasts sharply with the standard ''Winning - Nothing But Blue Skies' BS from cringy 'social media influencers'.  I find it much more confidence inspiring to just know the facts so I could make viable projections about whether various actions are likely to resolve known issues, and to make some inferences about timings.

As far as under what conditions the IMF will allow the government of El Salvador to have BTC (and make their own reserve currency decisions), it is not very clear what the rules would be if there were a REAL 'public/private partnership'.  That is to say, the BTC stash is held in multi-sig between the government and individual private citizens.

[cryptoWODL]

The IMF is seeking to block 🇸🇻 El Salvador from buying more Bitcoin and refrain from issuing Bitcoin-backed debt or tokens as a condition of its 💵 $1.4B loan agreement.

https://x.com/BitcoinNewsCom/status/1896910275821113575?t=RWY8w4EFhVqtyQbcBkwWzQ&s=19

Even if the IMF wanted to stop El Salvador from buying Bitcoin, I don't think they would ever succeed because they have done this before but Naiyb Bukele  has been buying Bitcoin regularly. At present he is doing the same, that is he has been buying Bitcoin despite the ban. As a proof of El Salvador that has not stopped buying Bitcoin at present, you can check their portfolio, that they already have 6101 Bitcoins in the investment portfolio. So it is proved that the country first legalized Bitcoin would not stop buying Bitcoin in any way.

President Nayib Bukele said it all in this tweet that they will never stop buying Bitcoin.