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

[Just Say]

He is an example why you need good people with such mentality as president or into politics to help your country's growth. It is beautiful because we're far more richer than El Salvador but we choose to borrow and borrow rather than invest in such a life time opportunity. Our government leaders are 1 hundred times backwards.
This consistent bitcoin stacking is good for the growth of bitcoin, no focus on the noise but constantly buying the dip daily. Now they own over $461M worth Bitcoin.

You are right that this country now has over $461 million worth of Bitcoin, but recently it appears the country's Bitcoin reserves are facing accountability under new pressure from the IMF. In fact, a small reserve carries great importance in principle because as of June 29, 2026, there is a market value of 1.2 trillion Bitcoin, even then it seems that this country has a limited number of Bitcoins in comparison, but we can see that the price of BTC has started to fall after the conflict over the Strait of Hormuz started again and at this time their strategy of buying one Bitcoin per day, also the IMF's terms and wallet accounting questions have put pressure on this country's Bitcoin reserves.

El Salvador’s Bitcoin reserve is back in the market spotlight because its public one-BTC-a-day narrative has resurfaced just as Bitcoin’s drawdown, IMF conditions, and wallet-accounting questions are pressing on the same policy. BitcoinTreasuries lists El Salvador’s government holdings at 7,696 BTC, worth about $460 million, as of Jun. 28. The figure keeps the country among the largest government-linked Bitcoin holders tracked by the site and gives the renewed debate over its one-Bitcoin-a-day strategy a concrete anchor.

[tvbcof]

An on-the-ground update from my friend:

'Operation Choke Point 2.0' was partially dropped with the exit of the Biden creeps, but nothing has stopped the banks from continuing on their attacks in more-or-less the same manner.  My friend reports that the channels which worked for a while closed up as 'banking partners' can no longer move money through SWIFT if they don't wish to.  Thankfully for him he pulled a million and got a house.  It's possible that this action got him targeted, but the nature of the USD-backed banking apparatus makes it a completely opaque black box.  Via AML/CFT, it's strictly illegal for anyone in the money service provider racket to say anything at all about issues involving the movement of money.

But since my friend lives happily and legally in El Salvador, there is inconvenient but currently workable a backup solution:

It's pretty easy to get around $3000/day out of the Chivo machines.  This can add up to sums normally associated with higher-end solutions like Bitfinex or OTC.  The catch is that you have to have _real_ Bitcoin.  They don't fuck around with stable-coins and other shitcoin.  Real on-chain BTC talks; the rest of the bullshit walks.  There is also no spread.  One coughs up $500 spot BTC equiv and pay's whatever the BTC network fees happen to be then walks away with twenty-five $20 bills.

The last $30k or so has been trouble-free.  No more being ripped off by the Chivo machines with incomplete guidance about how to get your money when it doesn't pop out of the slot.  My friend was at a Chivo machine today and it had some attendants.  They report that they still work for the government and they have heard no scuttle-but about a change of ownership.  They also report that the whole system has become much more stable over the past 6 months.

I suspect that the goal is to try to soak up what they can of the of the 21-mil BTC remain.  Dunno whether El Salvador is keeping it for their reserve, or handing it off to Larry Fink who (10 years to late) recognized the value of being the controller of the actual keys.  As for the wads of cash, the mainstream bank will (grudgingly) accept it if there are receipts from the Chivo machines.  Then he can use credit cards or cash fairly normally.

---

It took me a while to finally analyze the situations with banks and nations.  The brainless assumption is that, for instance, if Banco Foomerica is a Nicaraguan bank, they must be somewhat aligned with Nicaraguan principles.  Nothing could be farther from the truth, especially in Central America.  In fact most of these types of entities were started by one of the (admittedly gifted) offspring of the oligarch class.  Their main enemy would be the local pleb classes who they've been in a struggle with all of their lives and who've cost them a lot of money.  The pleb classes in neighboring countries are only slightly less despicable and dangerous.

This oligarch class, while masters of their domain in LATAM, still probably do often have an inferiority complex on the world stage.  When they get invited to the WEF in Davos they probably pee themselves in excitement.  They are especially smitten with modern methods of population control via surveillance so it seems.  It is a possibility, and maybe their only possibility, of maintaining and further growing their station in life.  There is quite a huge push to 'go cashless' and finally be able to get rid of the dangerous, unsightly, and expensive employees in their malls and department stores just like their new-found WEF friends promise.

[Zanab247]

He is an example why you need good people with such mentality as president or into politics to help your country's growth. It is beautiful because we're far more richer than El Salvador but we choose to borrow and borrow rather than invest in such a life time opportunity. Our government leaders are 1 hundred times backwards.
This consistent bitcoin stacking is good for the growth of bitcoin, no focus on the noise but constantly buying the dip daily. Now they own over $461M worth Bitcoin.

Especially what El Salvador government did to make BTC legal tender that is attracting both small and big countries to start investing in such country, because industries and other businesses is what is making countries to develop to eliminate bad economic. I believe many people know when to buy BTC to hodl for long years just that how to get the capital to buy BTC or start accumulating BTC is what is harding some people, because they know that accumulating BTC can make investors to increase financially in the future

You are right but someone need to save massive money before you can make your dream to come to reality by accumulating BTC both bull season and bear season..