El Salvador’s President Nayib Bukele has reaffirmed his commitment to Bitcoin despite restrictions imposed by the International Monetary Fund (IMF). The IMF included provisions in a $3.5 billion financial agreement prohibiting further government Bitcoin acquisitions.
Bukele fired back on social media, making it clear that these restrictions won’t derail El Salvador’s Bitcoin strategy. His bold post on X read, “This all stops in April. This all stops in June. This all stops in December. No, it’s not stopping.”
This declaration cements his administration’s unwavering support for Bitcoin. In defiance of the IMF, El Salvador promptly purchased 19 BTC, followed by another token the next day.
Also Read: El Salvador Scales Back Bitcoin Policies in Exchange for IMF Loan
Bitcoin Hoarding Continues – IMF Restrictions Ignored
The nation of El Salvador has significantly expanded its Bitcoin reserved funds up to 6,101 BTC. The Bitcoin holdings of El Salvador have a current market value of about $530 million.
From November 2022 until the present time El Salvador maintained a daily Bitcoin purchase plan. The IMF agreement has not stopped El Salvador from conducting these daily Bitcoin purchases throughout early 2025.
The IMF deal establishes rigid rules to prevent the government from participating in Bitcoin transactions. The government must provide full disclosure about its cryptocurrency wallet addresses and every cryptocurrency entity must undergo independent audits as part of the regulations.
El Salvador needs to terminate the Fidebitcoin trust fund when July 2025 arrives. During July 2025 the state must lower its authority over the Bitcoin payment platform known as Chivo Wallet.
Bitcoin Titan React
Michael Saylor, the founder of MicroStrategy and a leading Bitcoin advocate, supported Bukele’s defiant stance. He emphasized that “Bitcoin adoption is unstoppable,” reinforcing El Salvador’s strategic vision.
Crypto analyst Michaël van de Poppe also praised Bukele’s bold decision. He remarked that El Salvador’s approach is something “99% of the markets should blindly follow.”
These endorsements underline Bitcoin’s growing global influence. El Salvador’s strategy is turning heads and inspiring countries to rethink their stance on digital assets.
El Salvador’s Bitcoin Play Mirrors Global Reserve Strategies
El Salvador’s Bitcoin accumulation aligns with broader global trends in strategic reserves. The U.S. has long relied on gold for economic stability, while China has been stockpiling gold to reduce reliance on the U.S. dollar.
Recently, U.S. President Donald Trump announced the formation of a U.S. Crypto Reserve. His plan aims to integrate digital assets like XRP, Solana (SOL), and Cardano (ADA) into national reserves.
Trump’s vision is to establish America as the world’s crypto leader. Similarly, El Salvador’s Bitcoin strategy positions the nation as a pioneer in financial sovereignty.
By making Bitcoin a key reserve asset, El Salvador challenges traditional economic structures. Its decentralized nature provides a hedge against inflation and economic instability.
Regulatory Battles Won’t Stop El Salvador’s Bitcoin Dream
El Salvador remains committed to Bitcoin adoption despite mounting international pressure. Recent amendments to the Bitcoin Law now allow businesses to decide whether to accept Bitcoin rather than mandating it.
This marks a shift from El Salvador’s 2021 Bitcoin Law, which initially required Bitcoin acceptance. Yet, the nation remains steadfast in its long-term digital asset strategy.
Bukele’s latest declarations reinforce his unwavering stance. As global institutions scrutinize El Salvador’s financial policies, the country remains laser-focused on increasing its Bitcoin reserves.
El Salvador’s bold move could set a precedent for future governments exploring cryptocurrency integration. The nation’s commitment to Bitcoin signals a major shift in the global financial order.
Also Read: El Salvador and Argentina Partner to Advance Crypto Regulation in Latin America
