El Salvador’s unwavering dedication to Bitcoin accumulation is still influencing finance. The International Monetary Fund (IMF) wants the country to stop buying more Bitcoin, but President Nayib Bukele has clarified that the country’s Bitcoin policy will not change. In response to rumours in the media and the latest staff report from the IMF, Bukele boldly said that El Salvador will not stop buying Bitcoin.
Bukele Rejects IMF Reports
When Bukele shared a post from the Bitcoin Office on March 4, 2025, it discussed the latest BTC buy for the national Bitcoin reserve. He also laughed at suggestions that the country would stop building up, saying:
“‘This ends in April.'” “June is the end of all this.” “This will all end in December.” “No, it’s not going to stop.”
The IMF report said that the Salvadoran government had agreed to stop buying Bitcoin, but his comment goes directly against that. The report stressed the importance of making the Bitcoin Office’s actions more open, especially when it comes to the wallets that are connected to its work. But Bukele is adamant that the Bitcoin accumulation plan will stay in place, no matter what pressure comes from other countries.
How El Salvador Acquired Bitcoin
El Salvador became the first country to accept Bitcoin as money in 2021. As part of its plan to collect more Bitcoin, the government bought 400 on 6th September 2021. Bukele said on November 21, 2022, that El Salvador would buy one Bitcoin every day, and they still do. The national reserve’s public Bitcoin address currently has 6,101 BTC in it.
IMF Position and Future Implications
The IMF has been very clear about El Salvador’s Bitcoin plan. Nigel Clarke, the IMF’s Deputy Managing Director, said in its most recent report that future program commitments would limit the government’s role in Bitcoin-related activities. This includes making it harder for the government to use Bitcoin and stopping people from buying new Bitcoin.
Conclusion
Although the IMF and the media are speculating, El Salvador still plans to keep buying Bitcoin. It’s clear from what President Bukele recently said that the Bitcoin plan is here to stay. It’s still too early to tell if this defiance will cause more economic problems or clear the way for financial independence.
