El Salvador’s Bitcoin Purchases Questioned Amid IMF Claims
- Four years ago, El Salvador made Bitcoin legal tender, attracting global attention.
- President Nayib Bukele claims to buy one Bitcoin per day, totaling over $114,000 daily at current prices.
- The International Monetary Fund (IMF) asserts that El Salvador’s government-owned Bitcoin amount has not increased since December 2024.
- Blockchain data shows El Salvador’s wallets growing by one Bitcoin per day with deposits from exchanges like Binance and Bitfinex.
- Crypto analytics suggest past purchases or funds may be used to maintain the appearance of new buys.
Despite President Bukele’s announcements of ongoing Bitcoin purchases, the IMF disputes these claims due to a prior agreement requiring El Salvador to scale back its Bitcoin experiment. Blockchain data indicates consistent wallet growth, but the origin of these funds remains unclear.
