he National Bitcoin Office in El Salvador says that it has bought 11 BTC at around $90,910 and has been buying one BTC daily. Total bitcoins being held is now 5,980.77 BTC, which is worth over 585.8 million USD.
IMF Agreement Impact
Despite taking a $1.4 billion IMF loan which came with constraints on limiting state’s Bitcoin related activities, El Salvador sticks to its crypto plan. The adoption of Bitcoin is voluntary while consumers and merchants are allowed to pay taxes in US dollars but Bitcoin will remain legal tender.
Strategic Development
It grows its Bitcoin projects further, such as the Little HODLer workbooks for learning about Bitcoin in elementary schools starting in January 2025. While its bitcoin experiment proved temporary, El Salvador continues to concentrate on building bitcoin capital markets, or more investment capital for bitcoin.
Leadership Perspective
Bitcoin advocate Max Keiser, who advises Bukekdre on bitcoin affairs, also dismisses concerns about IMF conditions because Bukele has not imposed any bitcoin mandates. He singles out the importance of Bitcoin in the country’s economic change and increasing usage in savings and real estate.
Bitcoin Acquisition
The government of El Salvador has not shown any signs of backing down from its Bitcoin plan even when it comes to satisfying the international financial obligations and is ready to be a pioneer of cryptocurrencies around the globe.
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