El Salvador Doubles Down—Again
On the sovereign front, El Salvador continues to stack sats. President Nayib Bukele’s administration reportedly added to the country’s BTC reserves, disregarding concerns raised in previous IMF discussions.
This renewed buying comes as El Salvador’s controversial yet pioneering Bitcoin-centric economic model gains traction. From Bitcoin bonds to the ambitious “Bitcoin City” infrastructure project, the Central American nation is betting its economic future on the digital asset.
“El Salvador is shaping up as Bitcoin’s real-world case study. Whether they succeed or fail, they’re changing the narrative from speculation to application,” said Messari analyst Clara Song.
