While many countries are still cautious about Bitcoin, El Salvador continues to show a tough stance when buying 2 more BTC on February 1, bringing the total Bitcoin reserves to 6,055 BTC (worth more than 612 million USD).
Notably, in the past 30 days, the country has purchased more than 50 BTC, exceeding the national reserve strategy's target of 1 BTC/day.
El Salvador Buys Bitcoin Despite Concessions to IMF
Despite signing a $1.4 billion loan agreement with the International Monetary Fund (IMF), requiring Bitcoin to be made an optional payment method, and privatizing the Chivo wallet, El Salvador persists in accumulating BTC.
📌 Immediately after signing the agreement, the country bought another 11 BTC (worth more than 1 million USD).
📌 On January 19, the National Bitcoin Office continued to collect 12 more BTC.
📌 Government representatives said they expect to accelerate Bitcoin purchases in 2025.
El Salvador's Bitcoin Strategy: Risky or Pioneering?
Fidelity Digital Assets – a major financial company in the cryptocurrency sector – believes that El Salvador could be a driving force for other countries to adopt Bitcoin.
According to the “2025 Look Ahead” report, as Bitcoin becomes more widely accepted, major countries will face risks of not owning BTC, and the “FOMO effect” may force them to follow in El Salvador’s footsteps.
El Salvador is betting on the future of Bitcoin – will it be a smart strategic move or a risky gamble? The answer will become clear as the market develops! 🚀
#BitcoinReserveWave #ElSalvadorBTC $BTC
