"When a small country bets its national fortune on a crypto future, is it the pioneer of disrupting traditional finance or a dangerous game?" El Salvador's Bitcoin experiment is writing the most vivid case for global central bank digital currencies and the regulation of crypto assets.
Fact-check: How did the "nuclear bomb" in the tweet explode?
President's platform? The reality is more complicated.
Although El Salvador became the first country to adopt Bitcoin as legal tender in 2021, it canceled its legal status in February 2025. President Bukele once claimed to "buy 1 BTC daily," but in reality, no new purchases have been made since February 2025. The current reserve of 2,301 BTC has a cost of about $105 million.
CCTV urgent report? Timeline misalignment.
CCTV Finance commented in June 2022 that "Bitcoin does not account for a high proportion of overall assets in El Salvador" and that the public usage rate is extremely low. There have been no recent related reports, and the so-called "solid evidence" may be old news edits.
Did Wall Street urgently adjust positions? JPMorgan had already issued a warning.
JPMorgan's 2021 report pointed out that Bitcoinization in El Salvador could trigger a liquidity crisis, rather than forming a team to study in 2025. Its conclusion leans towards caution: "The practicality of Bitcoin as a payment medium is limited, especially under high volatility."
Industry impact: The game between traditional finance and the crypto world.
Integration of DeFi and traditional finance: Vitalik Buterin criticized El Salvador's mandatory use of Bitcoin as a violation of the concept of crypto freedom, but technologies like the Lightning Network, if implemented, could provide new ideas for cross-border payments.
Regulatory storm: Although the U.S. SEC has not held closed-door meetings, Chairman Gary Gensler has called for the establishment of a federal regulatory system for crypto exchanges, and El Salvador's failure may accelerate global regulatory tightening.
Insider information and market predictions: Truth and bubbles.
Hoarding 100,000 BTC?: In reality, only 2,301 BTC, with an unrealized loss of over 50%. President Bukele once called for "stop looking at charts; patience is key."
BTC breaks $150,000?: Analysts believe that the current market sentiment is stimulated by news from El Salvador, but caution is needed regarding the risk of "buying the expectation, selling the facts" correction.
Advice: Rational layout; beware of concept hype.
Short term: Focus on Bitcoin fluctuating in the $25,000 - $30,000 range; leverage trading requires caution.
Medium term: There is no official endorsement for El Salvador's national debt concept coin, beware of the risk of air coins.
Long term: Global central bank digital currencies may become mainstream, and crypto banks need to find a balance between compliance and innovation.
El Salvador's Bitcoin banking plan has faced obstacles, but it has sounded the alarm for global financial innovation—when the traditional monetary system encounters a crisis of trust, can crypto assets become the "gold of the digital age"?
