El Salvador places a "Welcome to Bitcoin Country" monument

[fullfitlarry]

El Salvador places a "Welcome to Bitcoin Country" monument at their largest airport.



https://x.com/BitcoinArchive/status/2009352229656858698

Bullish news for us? It seems that Bukele despite the warnings from IMF. And there are even doubts of him buying Bitcoin as they say that he is just moving it from wallet to wallet to show that he is accumulating.

https://intel.arkm.com/explorer/entity/el-salvador

El Salvador Government arkham-check 19 Addresses
7526.37408835 BTC - $679,307,946.09

[Die_empty]

El Salvador places a "Welcome to Bitcoin Country" monument at their largest airport.



https://x.com/BitcoinArchive/status/2009352229656858698

Bullish news for us? It seems that Bukele despite the warnings from IMF. And there are even doubts of him buying Bitcoin as they say that he is just moving it from wallet to wallet to show that he is accumulating.

https://intel.arkm.com/explorer/entity/el-salvador

El Salvador Government arkham-check 19 Addresses
7526.37408835 BTC - $679,307,946.09

El Salvador could be referred to as a Bitcoin country because it is the first to make Bitcoin a legal tender, and the law still exists to this day. The Central African Republic was the second, but it couldn't continue after a few months. The monument is good for Bitcoin promotion as travellers will likely see it and maybe consider using Bitcoin.

The reports about El Salvador secretly buying Bitcoin despite the IMF's warning is good news. In November last year IMF claimed that the country has stopped Bitcoin accumulation. Arkham Intelligence tracking has shown otherwise. This shows that the government's goal of accumulating Bitcoin cannot be thwarted by external forces. 

[Dunamisx]

El Salvador places a "Welcome to Bitcoin Country" monument at their largest airport.

This is so interesting to see, because when it comes to this country, you cant do away without making mention of bitcoin in their discussions, they are serving a role model for others to follow, this monument will be a reference to always remember on coming across the country that they have bitcoin and that is what the entire financial system support for use together with fiat and bitcoin is a legal tender.

[Ndabagi01]

Bullish news for us? It seems that Bukele despite the warnings from IMF. And there are even doubts of him buying Bitcoin as they say that he is just moving it from wallet to wallet to show that he is accumulating.

El-Salvador is not too big of a country that a news like this will push for a bullish move in the market. I like how they keep the world updated about their love for bitcoin and how they’re pushing to make its citizens embrace it the more.

About news circulating that he’s not just buying bitcoin and just moving it from one wallet to another, it is not a bad idea as long as he keeps holding large quantity of them and made it a legal tender in his country. IMF are fighting to cripple the country from decentralization but El-Salvador may not relent on their efforts.

[Don Pedro Dinero]

Bullish news for us? It seems that Bukele despite the warnings from IMF. And there are even doubts of him buying Bitcoin as they say that he is just moving it from wallet to wallet to show that he is accumulating.

No, it's not bullish news. It's something of some importance, symbolic, and interesting to see for those who arrive in El Salvador without much knowledge of Bitcoin, as it's a country that has been attracting a lot of tourism lately, and although most are Bitcoiners, not everyone will be.

[cryptomaniac_xxx]

Bullish news for us? It seems that Bukele despite the warnings from IMF. And there are even doubts of him buying Bitcoin as they say that he is just moving it from wallet to wallet to show that he is accumulating.

No, it's not bullish news. It's something of some importance, symbolic, and interesting to see for those who arrive in El Salvador without much knowledge of Bitcoin, as it's a country that has been attracting a lot of tourism lately, and although most are Bitcoiners, not everyone will be.

Yes, it's just a welcoming news for most Bitcoin investors as we all know that Bukele is pro crypto although around his country, there are resistance if I'm not mistaken. So it's good that we see this kind of monument when you arrived in El Salvador but it doesn't mean that the whole Bitcoiners are going full bullish for it.

Good for tourism like the statue of Satoshi and maybe some of us are going to visit it someday have pictures taken but that's it.

[Synchronice]

El Salvador places a "Welcome to Bitcoin Country" monument at their largest airport.

It is a very good step from El Salvador. They are trying to market their country as a Bitcoin-friendly country and aim to gain attention worldwide. Bukele worked very well on crime but El Salvador still needs a few years of hard work to eliminate crime further, improve the infrastructure of the country, invest in the education and make El Salvador truly one of the best crypto-friendly place in the world. They have to compete against countries like UAE, so it won't be an easy job but they are doing very well, especially the marketing part.

Bullish news for us?

If it was done in the United States, in front of the White House, then it would be a bullish news but El Salvador is not an important player in the crypto market, so it won't affect the market in any way.

[Swordsoffreedom]

El-Salvador is not too big of a country that a news like this will push for a bullish move in the market. I like how they keep the world updated about their love for bitcoin and how they’re pushing to make its citizens embrace it the more.

About news circulating that he’s not just buying bitcoin and just moving it from one wallet to another, it is not a bad idea as long as he keeps holding large quantity of them and made it a legal tender in his country. IMF are fighting to cripple the country from decentralization but El-Salvador may not relent on their efforts.

It should be noted that bitcoin is no longer legal tender in El Salvador. They accepted the IMF's request and abolished that regulation from the beginning of 2025 in order to receive loan from the monetary institution

Furthermore, El Salvador has legalized Bitcoin, integrating it into the economy or investing in it with the primary goal of improving the national economy. They believe that bitcoin can save their economy, not transform their country into a decentralized economy or anything like that.

The IMF does not support El Salvador recognition of bitcoin as legal tender and does not want it to use public fund to invest in bitcoin. Because they believe it carries financial risks.

[suzanne5223]

El Salvador places a "Welcome to Bitcoin Country" monument at their largest airport.
[snip]
Bullish news for us?

For us. Yes, it is bullish news because it's proof that the country's legalization of Bitcoin as legal tender never changes. Despite the challenges the country faces from the IMF and the negative information shared about it, BTC accumulation on social media, their positive stance towards BTC remains.

But, the country is not that influential that this type of news influences other countries stance towards BTC.

[criptoevangelista]

That's great, it shows that Bitcoin in El Salvador is a path of no return. Even with the criticism, Bukele has remained firm in his decisions, which are mostly correct. I just think they should disclose much more about what life is like with Bitcoin on a daily basis. We here on the forum, or those who follow cryptocurrency news, know, but the biggest obstacle is the people who aren't in that environment... they would have to try a way to "break the bubble".

[Zanab247]

The confident El Salvador government have for BTC is very strong, because this country is the first country that made BTC legal tender where people can use BTC to buy any goods or materials in the country without the fear of government agencies. Now that they have come out boldly to write welcome to BTC country show that they want the foreigners to know that the government El Salvador support the use of BTC in the country. Do you know that this BTC logo on their airport entrance will draw more foreigners investors to that country, because some investors are tired of moving foreign currency from one country to another for investment purpose, which is an opportunity for such people to settle down in that country that welcome use of BTC in their country..

What El Salvador government is doing to display BTC to the world is just like a dream to those countries that hate BTC for any reason, because they have the mentality that BTC will destroy their local currency, which is not true. Since El Salvador adopted BTC to their country nothing happen to their local currency, because they are still maintaining the rules and regulations that governed their local currency.

[Silikiem]

El Salvador places a "Welcome to Bitcoin Country" monument at their largest airport.



https://x.com/BitcoinArchive/status/2009352229656858698

Bullish news for us? It seems that Bukele despite the warnings from IMF. And there are even doubts of him buying Bitcoin as they say that he is just moving it from wallet to wallet to show that he is accumulating.

https://intel.arkm.com/explorer/entity/el-salvador

El Salvador Government arkham-check 19 Addresses
7526.37408835 BTC - $679,307,946.09

Very good, this is a welcome development for the bitcoin community, El Salvador as a country has always lead the line among countries that have adopted bitcoin as a legal tender and now they are even going more further to promote bitcoin in this manner. They might not really be a big nation but with this move I believe a louder audience will hear of bitcoin and hopefully more countries will join the movement to adopt and embrace bitcoin fully in years to come.

[Floxynice]

I love how El Salvador is projecting Bitcoin without fear or intimidation. This is a great move towards the promotion of Bitcoin adoption among the citizens and visitors to the country. I have heard about El Salvador since I picked interest in Bitcoin, till date they are still not backing out. I love their consistency, I love El Salvador.

[SquirrelJulietGarden]

El Salvador places a "Welcome to Bitcoin Country" monument at their largest airport.

Bullish news for us? It seems that Bukele despite the warnings from IMF. And there are even doubts of him buying Bitcoin as they say that he is just moving it from wallet to wallet to show that he is accumulating.

Not kind of too bullish news but it can help more people knowing about Bitcoin, at least having their very first exposure with Bitcoin. It's good, not bad, but I am not too bullish with this one.

I would like to have orange color for the Bitcoin logo too, that can fit better with what Bitcoin is in memory of many people.

Bitcoin has been already famous enough and it appears widely enough on media so people can know about it without this one at the El Salvador airport. Anyway, it is still good than don't have it, I just don't want to amplify this initiative's effect too much.

[Kelward]

Bullish news for us? It seems that Bukele despite the warnings from IMF. And there are even doubts of him buying Bitcoin as they say that he is just moving it from wallet to wallet to show that he is accumulating.

No, it's not bullish news. It's something of some importance, symbolic, and interesting to see for those who arrive in El Salvador without much knowledge of Bitcoin, as it's a country that has been attracting a lot of tourism lately, and although most are Bitcoiners, not everyone will be.

It might not be a bullish news for Bitcoin in terms of pricing but it's a bold statement from El Salvador, that they stand for Bitcoin and not afraid to show it despite the warnings from IMF. I applaud them for standing firm to what they believe that Bitcoin is the digital gold that will continue to give them profit in the future. If every city and county that is pro Bitcoin will proudly display it for everyone to see like El Salvador, the bold statement of Bitcoin will continue to get bigger with bigger adoption. I don't know the possibility of bigger countries like the US to have Bitcoin as a legal tender I'm the future but it doesn't stop them from making bold statements about Bitcoin in their points of entry into their country, it'll create massive bullish trends in terms of price.

[macson]

Bullish news for us?

It won't have any impact on the Bitcoin price. However, it's good news that they're openly demonstrating that they're a country that's adopting Bitcoin as part of their national identity.

It seems that Bukele despite the warnings from IMF. And there are even doubts of him buying Bitcoin as they say that he is just moving it from wallet to wallet to show that he is accumulating.

This demonstrates that they are a sovereign nation, and no institution can interfere with their actions. Even when criticized for investing in volatile assets like Bitcoin, they persisted and accumulated according to their plan, viewing Bitcoin not merely as a speculative asset, but as a strategic tool to strengthen monetary sovereignty and reduce dependence on the US dollar. It was a wise decision that successfully leading their country in a positive direction, a path they had previously struggled to achieve.

[Lucius]

I love how El Salvador is projecting Bitcoin without fear or intimidation. This is a great move towards the promotion of Bitcoin adoption among the citizens and visitors to the country. I have heard about El Salvador since I picked interest in Bitcoin, till date they are still not backing out. I love their consistency, I love El Salvador.

Do you know that people in that country live in constant fear because the police have to arrest people to fulfill quotas to fill that mega prison that Bukele built? When you get caught, you can spend up to two years in prison without an indictment, and there you can wave the BTC flag and demand your rights.

I really don't know why there are so many brainwashed people on this forum who don't even know how to use a search engine and are living in some twisted illusions.

The crackdown manifests in mass arbitrary arrests of anyone who fits stereotypical demographic characteristics of gang members, like having tattoos, a prior criminal record or even just “looking nervous.”

As a result of the ongoing mass arrests, El Salvador now has the highest incarceration rate in the world. The proportion of its population that El Salvador incarcerates is more than triple that of the U.S. and double that of the next nearest country, Cuba....But on the ground, Salvadorans have described how police, military personnel and Mexican cartels have taken over the exploitative practices previously carried out by gangs like MS-13 and Barrio 18. One Salvadoran woman whose son died in prison just a few days after he was arbitrarily detained told a reporter from Al Jazeera: “One is always afraid. Before it was fear of the gangs, now it’s also the security forces who take innocent people....Bukele has ordered a communication blackout between incarcerated people and their loved ones. This means no visits, no letters and no phone calls.

Such lack of contact makes it nearly impossible for people to determine the well-being of their incarcerated family members, many of whom are parents with young children now cared for by extended family... Incarcerated Salvadorans are packed into grossly overcrowded cells, beaten regularly by prison personnel and denied medicines even when they are available. Inmates are frequently subjected to punishments including food deprivation and electric shocks. Indeed, a U.S. State Department’s 2023 country report on El Salvador noted the “harsh and life-threatening prison conditions.”

The human rights organization Cristosal estimates that hundreds have died from malnutrition, blunt force trauma, strangulation and lack of lifesaving medical treatment.

Often, their bodies are buried by government workers in mass graves without notifying families.

[SquirrelJulietGarden]

It won't have any impact on the Bitcoin price. However, it's good news that they're openly demonstrating that they're a country that's adopting Bitcoin as part of their national identity.

It might have effect or might not, you can not be sure about that. This market can be affected by any news, even not looks reasonable but effects might come. It's the game and manipulation of market makers so if they release a news to officialize and explain their manipulation, you will see the news looks matching with market price movement. Only experienced people in this market can know that such news only used as tool for manipulation while they're not actual reasons.

This demonstrates that they are a sovereign nation, and no institution can interfere with their actions. Even when criticized for investing in volatile assets like Bitcoin, they persisted and accumulated according to their plan, viewing Bitcoin not merely as a speculative asset, but as a strategic tool to strengthen monetary sovereignty and reduce dependence on the US dollar. It was a wise decision that successfully leading their country in a positive direction, a path they had previously struggled to achieve.

Bukele changed El Salvador a lot recent years as that nation's President with many good policies. Most noticeabe is reduction of criminal activities there, and Bitcoin legal tender for El Salvador. El Salvador has yet dedollarized in their nation but their investment in Bitcoin, and their Bitcoin friendly polices actually have some good contributions in their nation and in the future, with Bitcoin growth globally, their nation will get some more benefits.

[Ucy]

An ideal Bitcoin country would operate according to Bitcoin ideals: decentralized, transparent, permissionless, low barrier to entry, trustless, censorship resistance, immutable, use Bitcoin as native currency, etc. This is what can make Bitcoin more bullish, that is, building or doing stuff according to its principles.

However, since permissionless and low barrier to entry open up a country to migration risks, new members could settle at the country's ends (or border areas) and gradually move up to the inner country as their good reputation or trust level increases, because Bitcoin is basically a system of honest participants or members. The system works well when participants are honest, checking and balancing one another to ensure no one is cheating or doing wrong.

[sokani]

El Salvador places a "Welcome to Bitcoin Country" monument at their largest airport.

Bullish news for us? It seems that Bukele despite the warnings from IMF. And there are even doubts of him buying Bitcoin as they say that he is just moving it from wallet to wallet to show that he is accumulating.

IIRC, the agreement with the IMF was to stop using Bitcoin as a legal tender, which El Salvador is still maintaining. Hence, instituting a Bitcoin monument at the airport is not a breach of the agreement.  Also, there is nothing bullish about the news, and I do not expect the market to react to this kind of news.