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Author Topic: El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻  (Read 55796 times)
Jubilee58
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September 08, 2025, 09:02:10 AM
 #3541

That's how it is! This announcement was left for the end of the 2021 Bitcoin Conference with the participation of Jack Mallers.
Among the most impressive that helped me understand why bitcoin will be the currency that will lead the country of El Salvador is this.

Quote
"Over 70% of the active population of El Salvador doesn't have a bank account. They're not in the financial system." -Jack Mallers

https://twitter.com/TheBitcoinConf/status/1401279373223866369?s=19

At the conference the president of El Salvador makes the announcement.

Quote
President of El Salvador, Nayib Bukele: "Next week I will send to congress a bill that will make #bitcoin a legal tender."

https://twitter.com/BitcoinMagazine/status/1401279550538108933?s=19

This news is an interesting one, bitcoin is making headway.

I believe other countries to will do the same as time goes on.

As a lover of bitcoin, this kind of news is palatable to the heart and I know it will stand as a motivational factor to us the bitcoin lovers.

The more the good news, the more the interest and confidence among bitcoin investors.

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betswift
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September 08, 2025, 09:14:08 AM
 #3542

Interesting to know that on this day 7th September 2021, El Salvador became the first country to adopt bitcoin and made it a legal tender and they currently own 6292 bitcoins. El Salvador is a good motivation for more countries to adopt bitcoin because if we look at the growth of their bitcoin portfolio since 2021, it's really worth emulating.
I saw this late, but thanks for the reminder. Nayib Bukele was very keen on Bitcoin, becoming the first country in the world to declare Bitcoin as its official currency, while some countries still oppose Bitcoin. However, I saw on the news that El Salvador purchased 21 Bitcoins for Bitcoin Day, which currently has 6,313 BTC in their holdings and is worth $702 million. El Salvador's future is going to be bright, they will improve a lot economically.


You can't build "crypto Rome" in one day, as they say Wink

I think looking back to these events in the persepective, everybody will cherish them more and more, and what Bukele pushed through for it to happen.

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September 08, 2025, 09:51:55 AM
 #3543

Interesting to know that on this day 7th September 2021, El Salvador became the first country to adopt bitcoin and made it a legal tender and they currently own 6292 bitcoins. El Salvador is a good motivation for more countries to adopt bitcoin because if we look at the growth of their bitcoin portfolio since 2021, it's really worth emulating.
I saw this late, but thanks for the reminder. Nayib Bukele was very keen on Bitcoin, becoming the first country in the world to declare Bitcoin as its official currency, while some countries still oppose Bitcoin. However, I saw on the news that El Salvador purchased 21 Bitcoins for Bitcoin Day, which currently has 6,313 BTC in their holdings and is worth $702 million. El Salvador's future is going to be bright, they will improve a lot economically.



Let those skeptical think that way since somehow government officials think about that since somehow they are the one who will missed a lot on Bitcoin.

If they could see that in span of 4 years they make symbolic gains from Bitcoin and global visibility since they got lots of attention for their investment decision they made. Their dedication could bring lots of progress on their country and we already see those things happening in El Salvador.

Imagine those many success they get for those years of their investment and yet other didn't get nothing. By the time they are interested to invest they would need to catch up and there's good chance that when they are ready price of Bitcoin would be more expensive for them to accumulate and with this EL Salvador would be the winner of future demands would came on Bitcoin.

R


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Nothingtodo
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September 08, 2025, 11:25:25 AM
 #3544

El Salvador, known as Bitcoin City, officially celebrated Bitcoin Independence Day 2025. El Salvador celebrated Bitcoin Independence Day on September 7, 2021, marking four years since Bitcoin was officially declared legal tender.
The following are the groundbreaking steps that El Salvador has taken on Bitcoin in the four long years since September 7, 2021, and the Salvadoran government has taken adequate measures to implement them.

✅Epic rebrand: BITCOIN COUNTRY
✅ First-mover advantage secured
✅ World’s 1st Strategic Bitcoin Reserve
✅ CUBO+: Top-tier Bitcoin & Lightning dev program
✅ 80,000 public servants Bitcoin-certified
✅ Law passed enabling Bitcoin banks
✅ Framework set for Bitcoin capital markets


https://x.com/bitcoinofficesv/status/1964700306060546552?t=_sfWF6YkUDhXhderGPJddg&s=19

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betswift
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September 08, 2025, 11:38:53 AM
 #3545

El Salvador, known as Bitcoin City, officially celebrated Bitcoin Independence Day 2025. El Salvador celebrated Bitcoin Independence Day on September 7, 2021, marking four years since Bitcoin was officially declared legal tender.
The following are the groundbreaking steps that El Salvador has taken on Bitcoin in the four long years since September 7, 2021, and the Salvadoran government has taken adequate measures to implement them.

✅Epic rebrand: BITCOIN COUNTRY
✅ First-mover advantage secured
✅ World’s 1st Strategic Bitcoin Reserve
✅ CUBO+: Top-tier Bitcoin & Lightning dev program
✅ 80,000 public servants Bitcoin-certified
✅ Law passed enabling Bitcoin banks
✅ Framework set for Bitcoin capital markets


https://x.com/bitcoinofficesv/status/1964700306060546552?t=_sfWF6YkUDhXhderGPJddg&s=19


Interesting to see when other countries would be as far as El Sal regulations speaking Wink

Wind_FURY
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September 08, 2025, 11:51:37 AM
 #3546

Interesting to know that on this day 7th September 2021, El Salvador became the first country to adopt bitcoin and made it a legal tender and they currently own 6292 bitcoins. El Salvador is a good motivation for more countries to adopt bitcoin because if we look at the growth of their bitcoin portfolio since 2021, it's really worth emulating.

I saw this late, but thanks for the reminder. Nayib Bukele was very keen on Bitcoin, becoming the first country in the world to declare Bitcoin as its official currency, while some countries still oppose Bitcoin. However, I saw on the news that El Salvador purchased 21 Bitcoins for Bitcoin Day, which currently has 6,313 BTC in their holdings and is worth $702 million. El Salvador's future is going to be bright, they will improve a lot economically.



Let those skeptical think that way since somehow government officials think about that since somehow they are the one who will missed a lot on Bitcoin.

If they could see that in span of 4 years they make symbolic gains from Bitcoin and global visibility since they got lots of attention for their investment decision they made. Their dedication could bring lots of progress on their country and we already see those things happening in El Salvador.

Imagine those many success they get for those years of their investment and yet other didn't get nothing. By the time they are interested to invest they would need to catch up and there's good chance that when they are ready price of Bitcoin would be more expensive for them to accumulate and with this EL Salvador would be the winner of future demands would came on Bitcoin.


Or those very early investors in Bitcoin, those adopters before 2012 who SODLed their Bitcoin because of mere political disagreements, and actually believing that Bitcoin would "die" if there was no block size increase.

Those people are either holding the shitcoin BCash, or BCash SV. It's also probable that they're holding both with the belief that one of them is the "real" Bitcoin.

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john_egbert
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September 08, 2025, 11:53:15 AM
 #3547

Or those very early investors in Bitcoin, those adopters before 2012 who SODLed their Bitcoin because of mere political disagreements, and actually believing that Bitcoin would "die" if there was no block size increase.

Those people are either holding the shitcoin BCash, or BCash SV. It's also probable that they're holding both with the belief that one of them is the "real" Bitcoin.

Or they HODL alts and memes, it would all be the same: without BTC, there is no safe future for anyone.

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September 08, 2025, 03:58:20 PM
 #3548

El Salvador Marks Bitcoin Anniversary With 21 BTC Purchase.



El Salvador commemorated its fourth year of bitcoin adoption with a symbolic 21 BTC purchase.
Despite the celebratory tone, El Salvador’s bitcoin policy remains under international scrutiny.
Government officials highlighted several milestones.
El Salvador has made a symbolic addition of 21 bitcoin to its national reserves, celebrating the fourth anniversary of its landmark decision to adopt bitcoin as legal tender.
President Nayib Bukele announced the purchase on September 7, coinciding with “Bitcoin Day,” the date the legislation was formally approved in 2021.
With this purchase, El Salvador’s treasury now holds 6,313 BTC, valued at over $701 million according to government data.
The country reportedly invested $300 million to build its position, resulting in more than $400 million in unrealized gains.
Progress since bitcoin adoption
Government officials highlighted several milestones, including the establishment of the world’s first Strategic Bitcoin Reserve, the launch of the CUBO+ Bitcoin and Lightning developer program, and the certification of 80,000 public servants in bitcoin-related training.
The legal framework for digital assets has also expanded, with an Investment Banking Law passed in 2025.
Stacy Herbert, Director of the Bitcoin Office, emphasized the government’s commitment:
“The Bitcoin Office has consistently delivered extraordinary results by focusing on only high integrity partners and projects for our team …and this is just the beginning.”
Ongoing transparency debate
Despite the celebratory tone, El Salvador’s bitcoin policy remains under international scrutiny.
The International Monetary Fund (IMF) has questioned the transparency of the country’s reported bitcoin holdings, suggesting in a July report that some increases may be due to internal asset reorganizations rather than new purchases.
However, the government maintains that it continues to buy bitcoin daily.
Looking ahead
El Salvador’s approach positions the nation as a global leader in bitcoin integration, though questions remain about long-term sustainability and external oversight. The country’s bitcoin policy continues to attract both praise and skepticism as it marks four years since its historic move.


https://bitbo.io/news/el-salvador-bitcoin-21-btc/
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September 08, 2025, 05:02:21 PM
 #3549

El Salvador Marks Bitcoin Anniversary With 21 BTC Purchase.



El Salvador commemorated its fourth year of bitcoin adoption with a symbolic 21 BTC purchase.
Despite the celebratory tone, El Salvador’s bitcoin policy remains under international scrutiny.
Government officials highlighted several milestones.
El Salvador has made a symbolic addition of 21 bitcoin to its national reserves, celebrating the fourth anniversary of its landmark decision to adopt bitcoin as legal tender.
President Nayib Bukele announced the purchase on September 7, coinciding with “Bitcoin Day,” the date the legislation was formally approved in 2021.
With this purchase, El Salvador’s treasury now holds 6,313 BTC, valued at over $701 million according to government data.
The country reportedly invested $300 million to build its position, resulting in more than $400 million in unrealized gains.
Progress since bitcoin adoption
Government officials highlighted several milestones, including the establishment of the world’s first Strategic Bitcoin Reserve, the launch of the CUBO+ Bitcoin and Lightning developer program, and the certification of 80,000 public servants in bitcoin-related training.
The legal framework for digital assets has also expanded, with an Investment Banking Law passed in 2025.
Stacy Herbert, Director of the Bitcoin Office, emphasized the government’s commitment:
“The Bitcoin Office has consistently delivered extraordinary results by focusing on only high integrity partners and projects for our team …and this is just the beginning.”
Ongoing transparency debate
Despite the celebratory tone, El Salvador’s bitcoin policy remains under international scrutiny.
The International Monetary Fund (IMF) has questioned the transparency of the country’s reported bitcoin holdings, suggesting in a July report that some increases may be due to internal asset reorganizations rather than new purchases.
However, the government maintains that it continues to buy bitcoin daily.
Looking ahead
El Salvador’s approach positions the nation as a global leader in bitcoin integration, though questions remain about long-term sustainability and external oversight. The country’s bitcoin policy continues to attract both praise and skepticism as it marks four years since its historic move.


https://bitbo.io/news/el-salvador-bitcoin-21-btc/


El Salvador’s purchase of 21 bitcoins may not be significant amount, but it once again underlines the country’s unwavering commitment to bitcoin... unlike many other nations, what they do is keep investing dan standing firm in its strategy despite external criticism, including scrutiny from the IMF, but they've become increasingly clear that they're free to decide what's best for them.
This is what I love about El Salvador, they've focused on bitcoin as their initial goal and continue to empower it in their economy.

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Powerjumboo
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September 08, 2025, 07:28:21 PM
 #3550

Interesting to know that on this day 7th September 2021, El Salvador became the first country to adopt bitcoin and made it a legal tender and they currently own 6292 bitcoins. El Salvador is a good motivation for more countries to adopt bitcoin because if we look at the growth of their bitcoin portfolio since 2021, it's really worth emulating.

I saw this late, but thanks for the reminder. Nayib Bukele was very keen on Bitcoin, becoming the first country in the world to declare Bitcoin as its official currency, while some countries still oppose Bitcoin. However, I saw on the news that El Salvador purchased 21 Bitcoins for Bitcoin Day, which currently has 6,313 BTC in their holdings and is worth $702 million. El Salvador's future is going to be bright, they will improve a lot economically.



Let those skeptical think that way since somehow government officials think about that since somehow they are the one who will missed a lot on Bitcoin.

If they could see that in span of 4 years they make symbolic gains from Bitcoin and global visibility since they got lots of attention for their investment decision they made. Their dedication could bring lots of progress on their country and we already see those things happening in El Salvador.

Imagine those many success they get for those years of their investment and yet other didn't get nothing. By the time they are interested to invest they would need to catch up and there's good chance that when they are ready price of Bitcoin would be more expensive for them to accumulate and with this EL Salvador would be the winner of future demands would came on Bitcoin.


Or those very early investors in Bitcoin, those adopters before 2012 who SODLed their Bitcoin because of mere political disagreements, and actually believing that Bitcoin would "die" if there was no block size increase.

Those people are either holding the shitcoin BCash, or BCash SV. It's also probable that they're holding both with the belief that one of them is the "real" Bitcoin.
The number of initial investors may be very small. If you look for those who invested in Bitcoin before 2012, you will find very few who are still holding Bitcoin, but those who are found have become owners of millions of dollars today. Those who did not believe in Bitcoin, after investing in Bitcoin and did not believe in Bitcoin, invested in shitcoins or meme coins among altcoins, they could not maintain their position today, they could not improve. So I completely agree with you that no one has a safe future except Bitcoin. Bitcoin is the only currency that has a beautiful future and there is also a guarantee that people will see success in investing in the long term.

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September 08, 2025, 08:44:03 PM
Merited by JayJuanGee (1)
 #3551

From Literature to Finance: El Salvador’s Bitcoin Zone Offers Books, Data, and Education at The National Library BINAES.

El Salvador has opened its first Bitcoin Zone at the National Library (BINAES), a space designed to highlight the country’s unique approach to digital finance and education. Inaugurated on the fourth anniversary of the Bitcoin Law, the initiative is part of a broader effort to bring financial literacy and innovation closer to the public.



The new space, located on the fifth floor of BINAES and shaped like the letter “B,” is open daily and offers specialized literature in Spanish and English. Among its featured works are The Bitcoin Standard by Saifedean Ammous, Broken Money by Lyn Alden, and What Is Money? by Lina Seiche. Visitors can also access information about El Salvador’s bitcoin reserve and the government’s monetary policies tied to it.

https://elsalvadorinenglish.com/2025/09/08/from-literature-to-finance-el-salvadors-bitcoin-zone-offers-books-data-and-education-at-the-national-library-binaes/

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September 09, 2025, 02:41:10 PM
Merited by JayJuanGee (1)
 #3552

Or those very early investors in Bitcoin, those adopters before 2012 who SODLed their Bitcoin because of mere political disagreements, and actually believing that Bitcoin would "die" if there was no block size increase.

Those people are either holding the shitcoin BCash, or BCash SV. It's also probable that they're holding both with the belief that one of them is the "real" Bitcoin.


Or they HODL alts and memes, it would all be the same: without BTC, there is no safe future for anyone.


I believe not. If you were not here for the block size debate, then you wouldn't understand. Those people truly believed that what they were fighting for was the real path for Bitcoin. So therefore they followed their "leaders" to fork away from the network, believing that the majority of the community would follow.

But what they probably don't know is Roger Ver still HODLs his Bitcoin, and will probably NEVER sell the majority of those coins because he truly knows BCash will NEVER by the real Bitcoin.

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September 09, 2025, 06:53:24 PM
 #3553

The number of initial investors may be very small. If you look for those who invested in Bitcoin before 2012, you will find very few who are still holding Bitcoin, but those who are found have become owners of millions of dollars today. Those who did not believe in Bitcoin, after investing in Bitcoin and did not believe in Bitcoin, invested in shitcoins or meme coins among altcoins, they could not maintain their position today, they could not improve. So I completely agree with you that no one has a safe future except Bitcoin. Bitcoin is the only currency that has a beautiful future and there is also a guarantee that people will see success in investing in the long term.

In the year you mentioned, it's understandable that there weren't many Bitcoin investors because Bitcoin was still relatively unknown and relatively young, considering the year it was launched (2009). But now, the number of Bitcoin investors has significantly increased, especially with the adoption of Bitcoin by several countries, including El Salvador as a pioneer. This has been followed by most companies, who are now accepting Bitcoin for customers who want to pay for certain products using it.

So, it's not surprising that we're now seeing more investors excited about Bitcoin and continuing to invest in it for the long term. Furthermore, we've likely seen more people regretting their past doubts about Bitcoin, even though they were already familiar with it. This could be an example of how doubting Bitcoin was a very wrong move, as Bitcoin has provided enough evidence to convince the El Salvadoran government to truly believe in it and adopt it to this day.

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September 10, 2025, 01:37:36 AM
 #3554

El Salvador’s Bitcoin Beach Circular Economy Gains Global Recognition.




El Salvador’s pioneering role in cryptocurrency adoption continues to receive global attention, as Forbes highlighted the success of the Bitcoin Beach circular economy project in a recent feature titled “This Bitcoin Circular Economy Project From El Salvador Goes Global.”
The article, authored by digital assets contributor Javier Bastardo, explores how the initiative born in El Zonte, La Libertad, has become a global reference point for financial inclusion and innovation. The community-driven project originally inspired President Nayib Bukele to adopt Bitcoin as legal tender through the Bitcoin Law, positioning El Salvador as the world’s first country to integrate cryptocurrency at the national level.

In the feature, project co-founder Roman Martínez emphasized ongoing adoption: “Adoption in El Salvador continues. We keep welcoming tourists, we keep educating communities and everyone who needs it and shows interest.”

From small coastal beginnings, the project now influences communities worldwide, offering a model of how Bitcoin can support tourism growth, financial education, and social development. The Forbes recognition underscores El Salvador’s leadership in combining technology, community empowerment, and sustainable economic opportunities.

With international tourists, entrepreneurs, and investors increasingly drawn to El Zonte, the Bitcoin Beach initiative stands as a symbol of El Salvador’s commitment to innovation and its growing role in the global cryptocurrency ecosystem.


https://elsalvadorinenglish.com/2025/09/09/el-salvadors-bitcoin-beach-circular-economy-gains-global-recognition/
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September 12, 2025, 04:35:37 PM
 #3555

"We can confirm that the total amount of government-owned Bitcoin has not increased and that the increase in the Bitcoin Reserve Fund corresponds to movements across government wallets," says IMF.



https://x.com/BitcoinNewsCom/status/1966539552497315879?t=3OqlcNbYWgiSaXsukQN7Vg&s=19

The IMF has set several conditions for approving El Salvador's $1.4 billion loan, which include the purchase of Bitcoin from the government sector with dollars. But to meet those conditions, El Salvador transferred Bitcoin from the government wallet to 14 separate wallets. The IMF has verified the information about the transferred Bitcoin. The IMF is busy with a very in-depth analysis.











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September 13, 2025, 01:27:39 AM
 #3556


Source
For investors, the government is expanding its use of Bitcoin through a bank. However, it is not yet certain how this bank will work or its security issues. It seems that El Salvador's agreement with the IMF includes some conditions to relax the use of Bitcoin, especially the possibility of bringing some controls on the government's purchase or widespread use of Bitcoin. But either way, it is a huge revolutionary thing that El Salvador is going to launch a bank officially.

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September 13, 2025, 09:26:38 PM
 #3557


Source
For investors, the government is expanding its use of Bitcoin through a bank. However, it is not yet certain how this bank will work or its security issues. It seems that El Salvador's agreement with the IMF includes some conditions to relax the use of Bitcoin, especially the possibility of bringing some controls on the government's purchase or widespread use of Bitcoin. But either way, it is a huge revolutionary thing that El Salvador is going to launch a bank officially.

The IMF will certainly continue to monitor and evaluate El Salvador's plans to develop bitcoin in their country, but I don't think the El Salvadoran government will back down from the IMF's threats. They will surely find a way to overcome this and continue with their plan to launch the world's first Bitcoin bank.
They have so far demonstrated their actions as a country that truly embraces bitcoin, and I don't think that just because the IMF is supervising their country will make them back off from their revolutionary plans... they were the first country in the world to make bitcoin legal tender, and I'm confident they will be the first country to have a Bitcoin bank.

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September 13, 2025, 10:59:11 PM
 #3558

Tres salvadoreños competirán en Olimpiada Mundial de Robótica en Singapur
Los estudiantes representarán a El Salvador en la competencia mundial. La Agencia Nacional de Inteligencia Artificial cubrirá los gastos y acompañará a los jóvenes en esta experiencia, que marca un hito para la educación tecnológica del país.


https://diarioelsalvador.com/tres-salvadorenos-competiran-en-olimpiada-mundial-de-robotica-en-singapur/694390/

El Salvador will take another step forward on the young talent stage, as these three young men and women will compete in a robotics event in Singapore. This is where the success of El Salvador and Nayib Bukele's long-term hard work will brighten the future of El Salvador because they will succeed in the competition at such a young age and there is no other place to beat them in competition.
El Salvador will reach this milestone even higher, because they have turned the children into their own people from a young age and are not only educated in unique subjects but also have extensive experience in Bitcoin.

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Popkon6
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September 13, 2025, 11:59:17 PM
 #3559

Tres salvadoreños competirán en Olimpiada Mundial de Robótica en Singapur
Los estudiantes representarán a El Salvador en la competencia mundial. La Agencia Nacional de Inteligencia Artificial cubrirá los gastos y acompañará a los jóvenes en esta experiencia, que marca un hito para la educación tecnológica del país.


https://diarioelsalvador.com/tres-salvadorenos-competiran-en-olimpiada-mundial-de-robotica-en-singapur/694390/

El Salvador will take another step forward on the young talent stage, as these three young men and women will compete in a robotics event in Singapore. This is where the success of El Salvador and Nayib Bukele's long-term hard work will brighten the future of El Salvador because they will succeed in the competition at such a young age and there is no other place to beat them in competition.
El Salvador will reach this milestone even higher, because they have turned the children into their own people from a young age and are not only educated in unique subjects but also have extensive experience in Bitcoin.

El Salvador provides all kinds of education, including Bitcoin, from primary school to adult. Currently, El Salvador is the country with the most success through Bitcoin holding, because they are not only self-sufficient in terms of Bitcoin but also in terms of the people. It is natural that Bitcoin will be successful in all those countries where the people, including the government, support Bitcoin, every person is able to grasp Bitcoin with their efforts.
The three boys and girls who are here will compete in a very small robotics event, this is the biggest success of El Salvador.

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September 14, 2025, 10:20:53 AM
Merited by JayJuanGee (1)
 #3560


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For investors, the government is expanding its use of Bitcoin through a bank. However, it is not yet certain how this bank will work or its security issues. It seems that El Salvador's agreement with the IMF includes some conditions to relax the use of Bitcoin, especially the possibility of bringing some controls on the government's purchase or widespread use of Bitcoin. But either way, it is a huge revolutionary thing that El Salvador is going to launch a bank officially.

The IMF will certainly continue to monitor and evaluate El Salvador's plans to develop bitcoin in their country, but I don't think the El Salvadoran government will back down from the IMF's threats. They will surely find a way to overcome this and continue with their plan to launch the world's first Bitcoin bank.
They have so far demonstrated their actions as a country that truly embraces bitcoin, and I don't think that just because the IMF is supervising their country will make them back off from their revolutionary plans... they were the first country in the world to make bitcoin legal tender, and I'm confident they will be the first country to have a Bitcoin bank.

But do you think its important to consider their opinions towards what El Salvador trying to implement? They don't have any control in this country so even if they say so many bad things about the approach done by El Salvador towards this Bitcoin bank plans for sure this country would continue to do those things that they think would be beneficial to their country.

IMF done so many attempts to discredit El Salvador but so far they didn't succeed on their manipulation attempts made. What good thing about happening in El Salvador is we have seen them having good progress towards their investment and other developments they made on Bitcoin.

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