There has been a new level of conflict between El Salvador and the IMF agency on the country’s Bitcoin investment plan. The president of the country says directly that El Salvador will never stop buying Bitcoin.
Summary
- El Salvador is receiving a new IMF body pressure to stop Bitcoin’s adoption.
- The president of El Salvador openly announced that he will not stop buying Bitcoin.
- The Bitcoin National Office of Country confirms the purchase of Bitcoin in a greater amount to meet Bitcoin Strategic Reserve.
El Salvador is a country of Bitcoin Bull. According to the presidency of Nayib Bukele, this country officially adopted Bitcoin as a currency in September 2021, but later in 2025, the country eliminated Bitcoin’s legal status to comply with the IMF loan agreement. However, this was really very sad news for the entire Bitcoin market, but the news could not affect the madness of the bitcoinists because Bukele increased the country’s investment efforts in Bitcoin.
On March 3, 2025, the staff of the International Monetary Fund (IMF) body (IMF) released A new report and urged El Salvador to stop the acquisitions of the public sector of the BTC, dissolve the Trust Fund fidebitcoin in July 2025, and ceases Wallet goat operations, national digital wallet.
In addition, the IMF agency ordered the country’s government to reveal all Bitcoin wallet addresses publicly and provided audited financial statements for cryptography related entities.
The IMF body admitted that cryptocurrencies can be used in the payment system to achieve efficiency and speed, but raised questions against generalized adoption and said it could threaten macroeconomic stability and increase tax risks.
According to the IMF agency, Bitcoin’s limited circulation in the country includes many types of monetary and financial stability risks, in a context where the US dollar can also be used freely.
Through the report, the IMF agency tried to reflect on the agreement according to El Salvador and if the country agreed to stop buying bitcoin of public funds.
El Salvador President vs IMF
The president of El Salvador, Nayib Bukele, showed his opposition to the last published report of the IMF and clarified his intention to buy Bitcoin as the main priority of his country.
On March 4, 2025, Bukele announced that his country will not stop buying Bitcoin, even in the future. Indirectly, we can say that Bukele openly announced that he was not going to comply with the IMF request.
It is worth noting that El Salvador initially obtained a financing agreement of $ 1.4 billion of the IMF agency in the fourth quarter of 2024 in exchange for reducing its plans related to the adoption of Bitcoin.
El Salvador’s Bitcoin Holding
El Salvador currently has 6,101 BTC, valued at almost $ 534.5 million, according to the data provided by the Bitcoin National Office of El Salvador.
Currently, this country has the sixth largest Bitcoin stages of any state-nation. This country has been buying some BTC every day, but with uniform speed, which is much better than other countries that have been possessing Bitcoin funds seized of bad actors.
Read also: Bitcoin Hater Peter Schiff hits $ XRP, Hoskinson calls $ XRP a great technology
Discharge of responsibility: In Bitcoinik.com we present the most recent information in the encryption market. However, this information should not be considered as financial advice and viewers must consult their financial advisors before investing.
