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

[B2Z]

NEW: El Salvador bought another BTC for its Strategic Bitcoin Reserve today 🇸🇻

They now own 7,817 BTC!

I really like this strategic reserve by the government of El Salvador in fact, I also like the way Bukele governs the country and the war he has declared on criminal gangs. Reviving a society lived with corruption and crime was no easy job, and he has succeeded. I don’t know whether Bitcoin will ever become El Salvador’s main currency, but it certainly remains an economic and social policy experiment of enormous significance, as well as a first rate case study for Bitcoin.

Perhaps Nayib Bukele has seen how to succeed by going against the people and the media. After taking office in El Salvador, the country's president has made several single decisions, all of which were successful, but the most notable of them was accepting Bitcoin as a legal tender. Basically, the country's president made such a decision by taking advantage of the education level of the people of this country because he knew that such decisions in countries with so many educated people would have a temporary negative impact but a long-term positive impact, and that is what happened. Those who previously opposed or criticized the president's actions are now praising them. Bitcoin is regularly seen in the country's reserves becoming more prosperous. As the first country in the world, El Salvador has directly legalized Bitcoin in their country and accepted it as a legal tender. Since accepting Bitcoin as a legal tender, the number of tourists in this country has also increased relatively. In other words, it can be said that his Bitcoin-related decisions were correct.

[General_Bitcoin]

Since accepting Bitcoin as a legal tender, the number of tourists in this country has also increased relatively. In other words, it can be said that his Bitcoin-related decisions were correct.

Overall though I think we will have to wait and see. While more tourists and building up the reserves of Bitcoin are positive things, how much benefit is that actually giving everyday people? Holding BTC can be profitable while the value goes up, but the value can also go down. Just because there are more tourists coming into the country does not mean they are doing it because of Bitcoin. I think El Salvador is quite an interesting experiment to see how things work out, but its still early days so we cannot be sure everything was the right choice.

[Johnlomape]

Since accepting Bitcoin as a legal tender, the number of tourists in this country has also increased relatively. In other words, it can be said that his Bitcoin-related decisions were correct.

Overall though I think we will have to wait and see. While more tourists and building up the reserves of Bitcoin are positive things, how much benefit is that actually giving everyday people? Holding BTC can be profitable while the value goes up, but the value can also go down. Just because there are more tourists coming into the country does not mean they are doing it because of Bitcoin. I think El Salvador is quite an interesting experiment to see how things work out, but its still early days so we cannot be sure everything was the right choice.

This is not about making  the right choice when it comes to Bitcoin adoption. Accepting Bitcoin as a legal tender can bring fortunes to a country like the way we have been seeing so many tourists traveling to El Salvador for vacations spending time there since the government has also worked on security so that visitors spending their holidays will be safe from pick pocket and thieves.
El Salvador has their own local currency and adding Bitcoin as an alternative currency was one of the best decision their government made that increased the GDP of the country as investors are bringing businesses and more dollars to make their economy a bit better than what it used to be before.

[Lucius]

~snip~
As the first country in the world, El Salvador has directly legalized Bitcoin in their country and accepted it as a legal tender. Since accepting Bitcoin as a legal tender, the number of tourists in this country has also increased relatively. In other words, it can be said that his Bitcoin-related decisions were correct.

Did you know that Bitcoin has not been legal tender in El Salvador for some time? Did you know that the country has a debt of over $30 billion, Bukele alone added $5+ billion during his term? In the long term, the country may benefit from Bitcoin, but at this point they are not even legally allowed to buy Bitcoin due to an agreement with the IMF.

[famososMuertos]

The El Salvador president, Nayib Bukele has done a lot in moving the country Forward by its numerous achievements through bitcoin adoption, can also look at the series of alleviation programs that targeted at establishing every citizens to how they could engage the use of Bitcoin on their daily economic activities, that does not stop there, you can also see some diverse opportunities that have been granted for school children to learn about bitcoin education in their various learning institutions, and they have also been investing into Bitcoin from time to time and holding, if you have been to El Salvador in the last 3 years and revisit the country today, you will count on series of achievements that have taken place as a result of Bitcoin adoption in the country.

I do call it a Bitcoin tourist country to visit.

I wouldn’t say that Bitcoin was the specific "magic" factor that transformed one of the world’s most dangerous countries; into one of the safest; I believe that is a result of political management.

Furthermore, I recently saw an analysis regarding remittances (a key selling point for the implementation of Bitcoin)  which shows that the year-over-year growth hasn't kept pace; specifically, the growth rate in 2025 was better than in 2026, even though there was a 3% increase, according to the source below.

Source in Spanish: https://www.eleconomista.net/economia/cuanto-ha-crecido-el-envio-de-remesas-hacia-el-salvador-hasta-septiembre-de-2026-20261026-0003.html

We need to look at things as they really are. The idea of ​​the country being a "Bitcoin tourism" destination isn't really accurate; based on information I’ve seen from various influencers, even the number of businesses that accept Bitcoin is quite small.

While it’s true that technological investments are arriving (thanks to the government’s institutional support for the tech sector) when it comes to Bitcoin-related tourism, all that really remains is the historical fact that it was the first country to make Bitcoin legal tender, along with a few associated elements.

Even the taxi drivers who used to accept Bitcoin are no longer as visible as they were back then, and the Bitcoin ATMs; along with the "Chivo" wallets—are currently undergoing a transition.

[Luzin]

Did you know that Bitcoin has not been legal tender in El Salvador for some time? Did you know that the country has a debt of over $30 billion, Bukele alone added $5+ billion during his term? In the long term, the country may benefit from Bitcoin, but at this point they are not even legally allowed to buy Bitcoin due to an agreement with the IMF.

Bitcoin payments seem to have failed to become popular and are not widely used, which led Bukele to stop them. This situation also prompted Bukele today to start adopting stablecoins backed by the dollar and to reduce his original crypto framework. Reportedly, the government is currently introducing the Sivar application, built with Modveon on the Coinbase Base network. Meanwhile, the Chivo wallet, which was introduced first, has shifted its management to the private sector while still maintaining ownership of shares and accountability for customer assets.

Source:
1. https://www.bloomberg.com/news/articles/2026-09-29/bukele-turns-to-stablecoins-as-bitcoin-payments-fail-to-catch-on
2. https://www.coindesk.com/business/2026/09/04/imf-confirms-el-salvador-s-bitcoin-growth-was-funded-by-private-donations-not-public-money

[avp2306]

~snip~
As the first country in the world, El Salvador has directly legalized Bitcoin in their country and accepted it as a legal tender. Since accepting Bitcoin as a legal tender, the number of tourists in this country has also increased relatively. In other words, it can be said that his Bitcoin-related decisions were correct.

Did you know that Bitcoin has not been legal tender in El Salvador for some time? Did you know that the country has a debt of over $30 billion, Bukele alone added $5+ billion during his term? In the long term, the country may benefit from Bitcoin, but at this point they are not even legally allowed to buy Bitcoin due to an agreement with the IMF.

And everything starts here https://debtjustice.org.uk/countries/el-salvador

I think Bukele just use Bitcoin to gather attention. That's why he heavily promotes it and make it as their legal tender.

In some point they succeed, since imagine the big exposure they get at that time. But reality hits them bad, because to many hurdles stops them to proceed with their investment. Their growing debts is the reason why IMF discourage them to invest on Bitcoin. Since maybe that institution thinks that once El Salvador got liquidated, maybe they get serious problem and cannot pay their obligations anymore.

[tvbcof]

Did you know that Bitcoin has not been legal tender in El Salvador for some time? Did you know that the country has a debt of over $30 billion, Bukele alone added $5+ billion during his term? In the long term, the country may benefit from Bitcoin, but at this point they are not even legally allowed to buy Bitcoin due to an agreement with the IMF.

And everything starts here https://debtjustice.org.uk/countries/el-salvador

I think Bukele just use Bitcoin to gather attention. That's why he heavily promotes it and make it as their legal tender.

In some point they succeed, since imagine the big exposure they get at that time. But reality hits them bad, because to many hurdles stops them to proceed with their investment. Their growing debts is the reason why IMF discourage them to invest on Bitcoin. Since maybe that institution thinks that once El Salvador got liquidated, maybe they get serious problem and cannot pay their obligations anymore.

Silly Rabbit!  That's the whole point of IMF 'loans' and how the lenders get claims all their stuff!  And basically for free since issuing a loan costs the lender nothing in a debt-backed monetary regime where money _is_ debt.  The main cost to the lender is paying for enforcement muscle and it's no different than any racketeering.

I have no doubt that Bukele is quite read-in on this dynamic, and I would wager that it had a lot to do with his interest in Bitcoin.

Seems like some of the shit-libs here haven't caught on that dumping on Bukele and El Salvador was deprecated by the Left a few years ago in light of the guy's undeniable successes and his extraordinary local popularity.  This also corresponds with when the corporate funding (Blackrock et-al) for shit-lib causes (global population movements, moronic 'progressive' gender shit, etc) dried up and shifted to more effective methods of support for the greater Israel project.  Now 'anti-war protests' don't exist on the Left any more.  Maybe the new Right will pick up the ball here someday.

[Popkon6]

~snip~
As the first country in the world, El Salvador has directly legalized Bitcoin in their country and accepted it as a legal tender. Since accepting Bitcoin as a legal tender, the number of tourists in this country has also increased relatively. In other words, it can be said that his Bitcoin-related decisions were correct.

Did you know that Bitcoin has not been legal tender in El Salvador for some time? Did you know that the country has a debt of over $30 billion, Bukele alone added $5+ billion during his term? In the long term, the country may benefit from Bitcoin, but at this point they are not even legally allowed to buy Bitcoin due to an agreement with the IMF.

El Salvador has become more developed through Bitcoin investment, but it is natural that they are facing debt in their current position. But we cannot forget their strategy of buying Bitcoin and waiting for a long time to hold it, because the IMF, this lending institution, has argued in the past that El Salvador will only be given loans if they are deprived of Bitcoin purchase. This lending institution is trying to close their Bitcoin legal tender,
but even if they are successful in the end, if the debt is paid, I think they will be able to grab Bitcoin again through Bitcoin legal tender like in the past and be able to buy it.

[Luzin]

This lending institution is trying to close their Bitcoin legal tender,
but even if they are successful in the end, if the debt is paid, I think they will be able to grab Bitcoin again through Bitcoin legal tender like in the past and be able to buy it.

So far there are no clear signs of when Bitcoin in El Salvador will be sold. Even Bukele once stated that he would continue to accumulate it every day. But since the IMF provided a loan, it is reported that the management of Bitcoin purchases has been shifted to the private sector. This is done to reduce direct fiscal risk on the country, and the government of El Salvador has transferred majority ownership and operations. So it seems that they will continue to accumulate without having to wait to pay off their debt. CMIIW

[hafiztalha]

This lending institution is trying to close their Bitcoin legal tender,
but even if they are successful in the end, if the debt is paid, I think they will be able to grab Bitcoin again through Bitcoin legal tender like in the past and be able to buy it.

So far there are no clear signs of when Bitcoin in El Salvador will be sold. Even Bukele once stated that he would continue to accumulate it every day. But since the IMF provided a loan, it is reported that the management of Bitcoin purchases has been shifted to the private sector. This is done to reduce direct fiscal risk on the country, and the government of El Salvador has transferred majority ownership and operations. So it seems that they will continue to accumulate without having to wait to pay off their debt. CMIIW

Most chances they will never be done with any decision in a hurry because they are accumulating, and the price is also at a level where accumulation can give them good profit, but they need to check all ground realities around them. If they are able to keep for more time, I am sure this investment could give them good profit, and they will be able to pay their debt and then still keep this.
Bringing more regulations and soft policies about Bitcoin will benefit people, and governments will have good profit without having serious risk. Many other countries need to check things and have development about Bitcoin because now it has enough potential to bring changes at any level.

[Luzin]

Bringing more regulations and soft policies about Bitcoin will benefit people, and governments will have good profit without having serious risk. Many other countries need to check things and have development about Bitcoin because now it has enough potential to bring changes at any level.

So far I see that El Salvador's policies indeed bring benefits to their development. At the very least, they have policies that continuously support the goal of Bitcoin adoption. Of course, if the policies tend to be strict, it will make it difficult for Bitcoin to grow. But remember, El Salvador always makes improvements with their decisions. They are very open to continuing to develop. Although I have not seen how the accumulation of BTC they have will be used. I hope they also sell wisely so that the market will not be too affected when they sell their Bitcoin.

[Patrol69]

~snip~
As the first country in the world, El Salvador has directly legalized Bitcoin in their country and accepted it as a legal tender. Since accepting Bitcoin as a legal tender, the number of tourists in this country has also increased relatively. In other words, it can be said that his Bitcoin-related decisions were correct.

Did you know that Bitcoin has not been legal tender in El Salvador for some time? Did you know that the country has a debt of over $30 billion, Bukele alone added $5+ billion during his term? In the long term, the country may benefit from Bitcoin, but at this point they are not even legally allowed to buy Bitcoin due to an agreement with the IMF.

El Salvador has become more developed through Bitcoin investment, but it is natural that they are facing debt in their current position. But we cannot forget their strategy of buying Bitcoin and waiting for a long time to hold it, because the IMF, this lending institution, has argued in the past that El Salvador will only be given loans if they are deprived of Bitcoin purchase. This lending institution is trying to close their Bitcoin legal tender,
but even if they are successful in the end, if the debt is paid, I think they will be able to grab Bitcoin again through Bitcoin legal tender like in the past and be able to buy it.

It will be a bit challenging for them to continue buying Bitcoin to keep pace with the global economy. A country cannot run entirely on its own money, the country's internal development mega projects require external loans. Now, if the IMF has given such a clear condition for investing in their country that if they want to get a loan, they cannot buy any new Bitcoin, then this can be a major obstacle for them to buy Bitcoin.

Right now, their country needs a large loan, so if they want to get a loan, they will have to temporarily suspend their Bitcoin purchase. However, the positive thing here is that the IMF has not given them any such condition that they have to sell their old Bitcoins.

According to various information, there is still over $ 600 million in Bitcoin in El Salvador's fund and I think it is enough as a reserve fund for a country.
However, even if the IMF gives such a condition, that condition is for a certain period of time, if the specified period passes, then the government of the country can again take such a decision related to Bitcoin.

[Princeemmanuel070]

El Salvador President might be the wisest of all, tbh it takes great courage to do what he did, I hope others follow his footsteps.

[Gragebox]

Bringing more regulations and soft policies about Bitcoin will benefit people, and governments will have good profit without having serious risk. Many other countries need to check things and have development about Bitcoin because now it has enough potential to bring changes at any level.

So far I see that El Salvador's policies indeed bring benefits to their development. At the very least, they have policies that continuously support the goal of Bitcoin adoption. Of course, if the policies tend to be strict, it will make it difficult for Bitcoin to grow. But remember, El Salvador always makes improvements with their decisions. They are very open to continuing to develop. Although I have not seen how the accumulation of BTC they have will be used. I hope they also sell wisely so that the market will not be too affected when they sell their Bitcoin.

What makes El Salvador's bitcoin experiment intriguing is that it illustrates the path that a nation can take to experiment with Bitcoin outside of ordinary investment. Adoption, however, cannot be simply analyzed through a gauge of the amount of BTC that the government has accumulated. It should instead be seen in terms of the real benefits of usage, financial accessibility, tourism, and economic activity to its citizens.

In my view, it would be wise for the government to adopt a more transparent long-term approach to run Bitcoin reserves in a strategic way. If the market is growing, Bitcoin's value is likely to grow too when looking from a long-term perspective, but, when selling, selling should be based on the country's financial needs rather than the price. The auction might impact the sentiment, but that would also very much depend on liquidity and on how the sales are made.

At the end of the day, the adoption of bitcoin can be a game of opportunities; however, transparency, financial discipline and public trust will determine whether this experiment will succeed or not.

[Franklyn-wood]

Bringing more regulations and soft policies about Bitcoin will benefit people, and governments will have good profit without having serious risk. Many other countries need to check things and have development about Bitcoin because now it has enough potential to bring changes at any level.

So far I see that El Salvador's policies indeed bring benefits to their development. At the very least, they have policies that continuously support the goal of Bitcoin adoption. Of course, if the policies tend to be strict, it will make it difficult for Bitcoin to grow. But remember, El Salvador always makes improvements with their decisions. They are very open to continuing to develop. Although I have not seen how the accumulation of BTC they have will be used. I hope they also sell wisely so that the market will not be too affected when they sell their Bitcoin.

It is only for country that place values on Bitcoin that can allow Bitcoin with everything as a legal tender which also helps the economy to grow and allow foreign investors to also come and invest the the country with multiple means of payment. If other countries can initiate there good pattern it will provide opportunity for tourist attractions and deepening there patronage and the government also understand the need to store coins for future opposed and for the interest of there citizens.

[moneystery]

El Salvador President might be the wisest of all, tbh it takes great courage to do what he did, I hope others follow his footsteps.

He understands that his country has limited resources and there isn't much they can do with such a small country. On the other hand, Bitcoin continues to grow and is able to tackle the problems they face (remittances, lack of exposure for their tourism, etc.). The decision to accept Bitcoin and even make it legal tender was one of the best decisions he ever made. Even though in the end the IMF intervened and made them retract their decision to make Bitcoin legal tender, their choice to accept Bitcoin already allowed El Salvador to feel the real impact of adoption and made the country known, especially in the crypto world.