Bukele Denies Transfer of El Salvador’s Bitcoin Reserve
- President Nayib Bukele refuted claims that El Salvador transferred its Bitcoin reserve to a private operator.
- The International Monetary Fund (IMF) praised El Salvador’s economic growth and fiscal surplus.
- El Salvador’s Bitcoin reserve has reached over 7,766 BTC, despite IMF statements about private donations.
Reports alleging the transfer of El Salvador’s Bitcoin reserve were dismissed by President Bukele, who clarified that only Chivo shares were privatized. The IMF acknowledged the country’s economic achievements, attributing them to improved security measures and investor confidence.
Despite the IMF’s comments on donation-based reserves, El Salvador continues to increase its Bitcoin holdings, demonstrating a commitment to cryptocurrency investment strategies. (Source)
