Post
Topic
Board Bitcoin Discussion
Re: Has El Salvador been lying to the world?
by
348Judah
on 23/07/2025, 13:37:06 UTC
Quote
El Salvador has not made any new Bitcoin purchases since February 2025, according to a new report released by the International Monetary Fund (IMF) on July 15.

The disclosure directly contradicts President Nayib Bukele’s long-standing public claim that his government has been buying one Bitcoin per day.

The IMF’s findings were included in the first formal review of the country’s Bitcoin program since El Salvador secured a $1.4 billion loan agreement in December 2024.

[...] The report noted that although on-chain activity shows BTC moving between wallets, these are not new acquisitions. Instead, the transactions reflect internal transfers between cold and hot wallets.

The IMF emphasized that these movements had led to a “misinterpretation” of El Salvador’s Bitcoin activity. Officials further argue that reallocated reserves or assets obtained through legal seizures do not qualify as state-backed Bitcoin buys.

El Salvador probably wanted to keep their image as a bitcoin friendly country. Not only do they want to appear friendly to bitcoin, it seems like they want to be a country known for having a lot of bitcoin and possibly get investors in their country. I have seen some people doubt IMF's reports but what do you think? It makes sense if bitcoin has become El Salvador's political move.




Let say they had not made any move to buy additional bitcoin as your research claimed, does that justifies that fact that they are not holding high amount of bitcoin, does it also made it why they cannot thrive with the ones they had invested or have you seen them not being profitable in their investment up till now, are we also going to pretend that we don't see pr know about series of developments that has been ongoing in the country ever since the adoption of bitcoin as a legal tender, how they had friendly regulations, migrants coming to settle there and mine or establish their bitcoin services, maybe you need to visit the El-Salvador thread to learn more on this.