El Salvador, which just yesterday reached a loan agreement with the International Monetary Fund (IMF), has pledged to make major changes to its Bitcoin strategy. However, today I immediately spent $1.07 million to buy 11 more Bitcoins. Is this a good opportunity to buy the bottom?
As soon as I got the loan, I immediately bought more Bitcoins.
The International Monetary Fund (IMF) has just reached an agreement with El Salvador on a US$1.4 billion loan program that will also facilitate additional financial support from the World Bank, the Inter-American Development Bank and other regional development banks, totaling more than 35 financing packages throughout the program period. billion dollars. However, El Salvador needs to make major adjustments to its Bitcoin strategy. One agreement includes that public sector participation in Bitcoin-related economic activities and the trading and purchase of Bitcoin will be restricted.
(El Salvador compromises! Promises to adjust Bitcoin strategy to obtain IMF loan)
However, according to Arkham data, in addition to the previous daily investment of 1 Bitcoin, El Salvador bought 11 more Bitcoins today. The National Bitcoin Office of El Salvador also announced that it has transferred Bitcoins worth more than 1 million US dollars. into El Salvador’s strategic Bitcoin reserve. Is this a good opportunity to buy at the bottom?
Bitcoin office director says: This is just the beginning
Stacy Herbert, director of El Salvador’s National Bitcoin Office, also confirmed on X that El Salvador will continue its Bitcoin policies following a $3.5 billion financing deal, including
Bitcoin is still legal tender
El Salvador will continue to purchase Bitcoin (possibly at an accelerated pace) for its strategic Bitcoin reserve
Bitcoin capital markets will continue to build; for example, the recent tokenization of U.S. Treasury bonds via Liquid
The Bitcoin Office will continue to develop Bitcoin policy and roadmap, attract investors and establish educational programs
Chivo wallet will be sold or closed, but many private sector Bitcoin wallets will continue to serve El Salvador
And this is just the beginning, the National Bitcoin Office of El Salvador has a lot more to do in 2025!
This article Just reached an agreement with the IMF, El Salvador turned around to buy more Bitcoins. First appeared on Chain News ABMedia.
