Post
Topic
Board Bitcoin Discussion
Re: El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻
by
Doan9269
on 29/04/2025, 14:23:02 UTC

[edited out]
With bitcoin investment pattern in which El-Salvador has been doing for quite some time, it only requires them more time to be able to emerge out of any form of attempts to reconsider going back to IMF for loan, because with bitcoin investment, they can gradually solve all their debts and make a repayment over time, which is what they have always stood on and i don't want them to have a shift on ground about this, IMF may be giving divers directives and advise as against the investment decision they are taking over bitcoin to buy, hold and accumulate bitcoin, but i can vividly say this that they are placing a hold on this not because of the warning from IMF, but to strategize themselves before continuing.

I have not seen any statement that El Salvador is actually pausing in its accumulation of 1 bitcoin per day or whatever might be some modest form of ongoing BTC accumulation.   I will take with a grain of salt any proclamations of actually moving away from their goals, even though surely there are a lot of folks in El Salvador who likely do not have much of a discretionary income, so they might not be advantaged from investing into bitcoin, and using bitcoin as a payment system is not as compelling.
I have not seen any statement that El Salvador is actually pausing in its accumulation of 1 bitcoin per day or whatever might be some modest form of ongoing BTC accumulation.   I will take with a grain of salt any proclamations of actually moving away from their goals, even though surely there are a lot of folks in El Salvador who likely do not have much of a discretionary income, so they might not be advantaged from investing into bitcoin, and using bitcoin as a payment system is not as compelling.
El Salvador and their President become less actively in their updates on Bitcoin purchases since late 2022. Their last updates were in December 2024, the last year but I agree with you that I did not read any tweet from El Salvador President on their pause of Bitcoin accumulation.

El Salvador portfolio tracker.
https://nayibtracker.com/

This one is more actively updated and shows that El Salvador are continuing their Bitcoin DCA purchases.
https://intel.arkm.com/explorer/entity/el-salvador

With respect to what you have all said, i also go inline with you that there is no official statement from El-Salvador in pausing its commitment on buying bitcoin the more, what i see here is just a fuse from the social media whereby people only stressed more on the distractions from IMF over its warning against its action of buying more bitcoin, but as we all have known El-Salvador right form the start, they cannot yield to the directives of IMF because they don't want to go back to the slavery they have once been and bitcoin has the very potential to give them the required profits needed in clearing some of their debts, i knew it already, that Bukele cant put an hold to the bitcoin investment plan they have started regardless of the warning form IMF.

Thank you all for your inputs.