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TREND-TRACKER
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Bearish
CoinGape Media
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Why ‘Digital Gold’ Bitcoin Isn’t Rising as Gold Approaches $5,000#Bitcoin (BTC) dropped below the key $90,000 support zone and traded near $89,588 at the time of writing. The decline followed last week’s brief bullish breakout attempt. On the other hand, gold has reached an all-time high of over $4,900 per ounce at the time of writing. This development further underscores the difference between the two assets, which are commonly equated as stores of value.  Why Bitcoin Isn’t Rallying With Gold In an X post, analyst Lancaster. $ETH pointed out the difference in the current price action between these two assets. He claimed that both assets can be classified as gold narratives, but only one is setting record Gold prices at all-time highs. He argued about what investors learn in times of macro uncertainty. Gold, according to the analyst, is well known and accepted. He claimed that many participants are still learning about Bitcoin. The presence of that gap, he contended, is capable of stimulating quicker selling in case of the spread of fear. Gold has defensive capabilities in uncertain cycles, owing to its multi-century reputation. Bitcoin, on the other hand, has not been around for very long and is deeply narrative-driven. The analyst claimed that the idea is not coming from failure, but from a developing concept. Comfort and clarity are likely to dominate investor behavior. The analyst stated that people sell what they fear and buy what they know. He said that Bitcoin was in its trust-building phase, which was not structurally invalid. CoinGape recently reported how gold and silver were rallying under the threat of Trump tariffs on imports from eight European nations. While gold has rallied to new highs, $BTC has erased most of its yearly gains after the tariff threat. Bonds and Dollar Set the Next BTC Move? Merlijn The Trader wrote an X post that the old #world still controls the capital flows in this stage. Silver and gold have been on the rise, whereas Bitcoin has lagged. His opinion implied that the arrangement would be modified once the present macro shock subsides. Bond stress, he said, may impose liquidity relief, yield depression, and currency debasement. Those circumstances were characterized as the standard ground in the following crypto boom. Merlijn remarked that such drivers usually drive market rotations first before they materialize in crypto prices. However, analyst Jacob King contended in an X post that money is leaving speculative assets and going into metals. King alleged that Bitcoin lacks clear utility in the current climate. He opined that it does not safeguard investors against tariff shocks, currency instability, or broader economic stress. King described the move as capital exiting Bitcoin, not a temporary pause. The broader macro #environment has also been attributed to gold’s strength. Peter Grant, the vice president and senior metals strategist at Zaner Metals, mentioned geopolitical friction and a weak dollar. Federal Reserve easing expectations for the current year were also cited as a major economic force. Inflation data are also influencing rate expectations. As CoinGape reported earlier, November U.S. PCE inflation was 2.8% year over year as expected. The month-over-month inflation rate increased 0.2%, in line with predictions. Core PCE registered comparable results of 2.8% YoY and 0.2% MoM. The consistency of the numbers maintains market focus on when and by how much the Fed will ease. Risk appetite continues to focus on policy expectations of asset classes.

Why ‘Digital Gold’ Bitcoin Isn’t Rising as Gold Approaches $5,000

#Bitcoin (BTC) dropped below the key $90,000 support zone and traded near $89,588 at the time of writing. The decline followed last week’s brief bullish breakout attempt. On the other hand, gold has reached an all-time high of over $4,900 per ounce at the time of writing. This development further underscores the difference between the two assets, which are commonly equated as stores of value. 
Why Bitcoin Isn’t Rallying With Gold
In an X post, analyst Lancaster. $ETH pointed out the difference in the current price action between these two assets. He claimed that both assets can be classified as gold narratives, but only one is setting record Gold prices at all-time highs. He argued about what investors learn in times of macro uncertainty.
Gold, according to the analyst, is well known and accepted. He claimed that many participants are still learning about Bitcoin. The presence of that gap, he contended, is capable of stimulating quicker selling in case of the spread of fear.
Gold has defensive capabilities in uncertain cycles, owing to its multi-century reputation. Bitcoin, on the other hand, has not been around for very long and is deeply narrative-driven. The analyst claimed that the idea is not coming from failure, but from a developing concept.
Comfort and clarity are likely to dominate investor behavior. The analyst stated that people sell what they fear and buy what they know. He said that Bitcoin was in its trust-building phase, which was not structurally invalid.
CoinGape recently reported how gold and silver were rallying under the threat of Trump tariffs on imports from eight European nations. While gold has rallied to new highs, $BTC has erased most of its yearly gains after the tariff threat.
Bonds and Dollar Set the Next BTC Move?
Merlijn The Trader wrote an X post that the old #world still controls the capital flows in this stage. Silver and gold have been on the rise, whereas Bitcoin has lagged.
His opinion implied that the arrangement would be modified once the present macro shock subsides. Bond stress, he said, may impose liquidity relief, yield depression, and currency debasement. Those circumstances were characterized as the standard ground in the following crypto boom. Merlijn remarked that such drivers usually drive market rotations first before they materialize in crypto prices.
However, analyst Jacob King contended in an X post that money is leaving speculative assets and going into metals. King alleged that Bitcoin lacks clear utility in the current climate. He opined that it does not safeguard investors against tariff shocks, currency instability, or broader economic stress. King described the move as capital exiting Bitcoin, not a temporary pause.
The broader macro #environment has also been attributed to gold’s strength. Peter Grant, the vice president and senior metals strategist at Zaner Metals, mentioned geopolitical friction and a weak dollar. Federal Reserve easing expectations for the current year were also cited as a major economic force.
Inflation data are also influencing rate expectations. As CoinGape reported earlier, November U.S. PCE inflation was 2.8% year over year as expected. The month-over-month inflation rate increased 0.2%, in line with predictions.
Core PCE registered comparable results of 2.8% YoY and 0.2% MoM. The consistency of the numbers maintains market focus on when and by how much the Fed will ease. Risk appetite continues to focus on policy expectations of asset classes.
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Aimei – 爱美
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VoLoDyMyR7:
Чисто і по факту. Найкращий розбір теми 👏
Sodikzhon
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I want to attract investments for a business project in Tajikistan, project "cotton cellulose production" what advice to attract investors? 1. There is no such production in Tajikistan yet. 2. Year-round demand. 3. Investment amount 4M USD payback period 2 years. Production volume per year 5000 tons. 4. There is a buyer for 15000 tons per year. #business #investor #world #cellulose #industry
I want to attract investments for a business project in Tajikistan, project "cotton cellulose production" what advice to attract investors?

1. There is no such production in Tajikistan yet.
2. Year-round demand.
3. Investment amount 4M USD payback period 2 years. Production volume per year 5000 tons.
4. There is a buyer for 15000 tons per year.
#business #investor #world #cellulose #industry
Zarif Bey
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HOW BEAUTIFUL IT WOULD BE … We have money and coins in our Binance account. Business developers think more detailed, but an idea came to my mind. If this idea came to my mind, it must have already come to everyone else's mind. Still, I want to share it. I wish Binance would provide QR banking services. Let's make purchases using QR codes. Our money should work in the daily Binance wallet, we should trade cryptocurrencies, and we should be able to use it in life whenever we want. We could even withdraw cash from ATMs. Let's deposit money into our Binance account using QR. Wouldn't that be nice? I think it would. This way, we wouldn't have to deal with banks. Moreover, everyone would deposit more money. We wouldn't have to go from bank to bank. How nice it would be if Binance saved us from the banks' high commissions and bureaucracy. Believe me, I don't want to go to the bank. Waiting in line at banks, bureaucracy, and high commissions tire me a lot. I hope it happens. #binancesquare #Binance #idea #world $BNB {spot}(BNBUSDT)
HOW BEAUTIFUL IT WOULD BE …

We have money and coins in our Binance account.

Business developers think more detailed, but an idea came to my mind.

If this idea came to my mind, it must have already come to everyone else's mind. Still, I want to share it.

I wish Binance would provide QR banking services.

Let's make purchases using QR codes. Our money should work in the daily Binance wallet, we should trade cryptocurrencies, and we should be able to use it in life whenever we want. We could even withdraw cash from ATMs. Let's deposit money into our Binance account using QR. Wouldn't that be nice? I think it would.

This way, we wouldn't have to deal with banks. Moreover, everyone would deposit more money. We wouldn't have to go from bank to bank.

How nice it would be if Binance saved us from the banks' high commissions and bureaucracy.

Believe me, I don't want to go to the bank. Waiting in line at banks, bureaucracy, and high commissions tire me a lot.

I hope it happens.

#binancesquare #Binance #idea #world

$BNB
链王资本:
Interesting
TREND-TRACKER
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📉 U.S. Job Market Weakness & Fed Concern • Federal Reserve officials warn the labor market is fragile and may need more rate cuts if employment weakens further, despite some recent positive data. � Reuters 📊 Jobless Claims Fall, But Growth Is Slow • Weekly U.S. jobless claims dropped to lower-than-expected levels, suggesting layoffs remain low, yet overall hiring has slowed sharply with modest job gains late in 2025. � AP News 👩‍💼 Federal Workforce Cuts Continue • New data show significant reductions in federal employment in 2025, with large staffing declines in agencies like Agriculture, Education, and Social Security, while some enforcement agencies grew. #USJobsData #USDemocraticPartyBlueVault .#world #TRUMP #CPIWatch $ASTER
📉 U.S. Job Market Weakness & Fed Concern
• Federal Reserve officials warn the labor market is fragile and may need more rate cuts if employment weakens further, despite some recent positive data. �
Reuters
📊 Jobless Claims Fall, But Growth Is Slow
• Weekly U.S. jobless claims dropped to lower-than-expected levels, suggesting layoffs remain low, yet overall hiring has slowed sharply with modest job gains late in 2025. �
AP News
👩‍💼 Federal Workforce Cuts Continue
• New data show significant reductions in federal employment in 2025, with large staffing declines in agencies like Agriculture, Education, and Social Security, while some enforcement agencies grew.
#USJobsData #USDemocraticPartyBlueVault .#world
#TRUMP #CPIWatch
$ASTER
image
ASTER
Cumulative PNL
-17.11%
Rock _bullish
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The Chain Beneath the World: Walrus and the Silent Takeover of Institutional DeFi@WalrusProtocol #World $WAL In crypto, noise is easy. Real impact is rare. While most blockchains fight for attention with hype cycles and meme-driven momentum, a different class of networks is being built quietly in the background, designed not for speculation, but for infrastructure. Walrus belongs to this new generation. It is not trying to replace the internet with slogans. It is rebuilding the foundations of how data, value, and ownership move across the digital world. Walrus is more than a token. It is a protocol designed for a future where blockchains secure not just coins, but contracts, identities, documents, and entire financial systems. Built on the high-performance Sui blockchain, Walrus combines decentralized storage, erasure coding, and blob-based data distribution to create something traditional cloud platforms cannot offer: censorship-resistant, verifiable, and private data at scale. This is where institutional DeFi begins. In today’s world, trillions of dollars in assets exist only inside centralized databases. Bonds, property titles, invoices, royalties, carbon credits, and intellectual property all depend on systems controlled by a few entities. Walrus changes that equation. By enabling large-scale, decentralized data storage with cryptographic guarantees, it becomes a backbone for tokenized real-world assets. A bond can live on-chain. A legal document can be verified without revealing its contents. A company can store critical data without trusting a single provider. This is not theory. This is infrastructure designed for governments, enterprises, and financial institutions that need privacy, auditability, and permanence. That is why institutional interest is growing. The same market that once dismissed crypto as a playground for traders is now exploring blockchains as settlement layers for real finance. Networks capable of securing billions in tokenized assets are no longer science fiction. They are being piloted, regulated, and integrated. Walrus stands at this frontier, where decentralized technology meets compliance-grade design. Being listed on platforms like Revolut is not just visibility. It is validation. It signals that this is not a fringe experiment. It is part of the emerging financial stack. And as conversations around spot ETFs expand beyond Bitcoin and Ethereum, the idea of infrastructure tokens entering regulated markets is no longer unrealistic. It is inevitable. What makes Walrus different is its philosophy. It does not chase users with promises of overnight wealth. It builds for developers, institutions, and systems that will exist ten years from now. It treats privacy as a feature, not a risk. It treats data as value, not just metadata. And it understands that the next wave of adoption will not come from memes, but from utility. Institutional DeFi will not look like today’s DeFi. It will not be loud. It will not be chaotic. It will be structured, compliant, and deeply embedded into real economies. Walrus is shaping itself for that world. In the coming decade, people may not even realize they are using decentralized technology. They will sign contracts, move assets, verify records, and store critical data, all powered by networks like Walrus beneath the surface. The quiet rise has already begun. And in the depths, the future of finance is forming.

The Chain Beneath the World: Walrus and the Silent Takeover of Institutional DeFi

@Walrus 🦭/acc #World $WAL
In crypto, noise is easy. Real impact is rare.
While most blockchains fight for attention with hype cycles and meme-driven momentum, a different class of networks is being built quietly in the background, designed not for speculation, but for infrastructure. Walrus belongs to this new generation. It is not trying to replace the internet with slogans. It is rebuilding the foundations of how data, value, and ownership move across the digital world.
Walrus is more than a token. It is a protocol designed for a future where blockchains secure not just coins, but contracts, identities, documents, and entire financial systems. Built on the high-performance Sui blockchain, Walrus combines decentralized storage, erasure coding, and blob-based data distribution to create something traditional cloud platforms cannot offer: censorship-resistant, verifiable, and private data at scale.
This is where institutional DeFi begins.
In today’s world, trillions of dollars in assets exist only inside centralized databases. Bonds, property titles, invoices, royalties, carbon credits, and intellectual property all depend on systems controlled by a few entities. Walrus changes that equation. By enabling large-scale, decentralized data storage with cryptographic guarantees, it becomes a backbone for tokenized real-world assets.
A bond can live on-chain. A legal document can be verified without revealing its contents. A company can store critical data without trusting a single provider. This is not theory. This is infrastructure designed for governments, enterprises, and financial institutions that need privacy, auditability, and permanence.
That is why institutional interest is growing.
The same market that once dismissed crypto as a playground for traders is now exploring blockchains as settlement layers for real finance. Networks capable of securing billions in tokenized assets are no longer science fiction. They are being piloted, regulated, and integrated. Walrus stands at this frontier, where decentralized technology meets compliance-grade design.
Being listed on platforms like Revolut is not just visibility. It is validation. It signals that this is not a fringe experiment. It is part of the emerging financial stack. And as conversations around spot ETFs expand beyond Bitcoin and Ethereum, the idea of infrastructure tokens entering regulated markets is no longer unrealistic. It is inevitable.
What makes Walrus different is its philosophy.
It does not chase users with promises of overnight wealth. It builds for developers, institutions, and systems that will exist ten years from now. It treats privacy as a feature, not a risk. It treats data as value, not just metadata. And it understands that the next wave of adoption will not come from memes, but from utility.
Institutional DeFi will not look like today’s DeFi. It will not be loud. It will not be chaotic. It will be structured, compliant, and deeply embedded into real economies. Walrus is shaping itself for that world.
In the coming decade, people may not even realize they are using decentralized technology. They will sign contracts, move assets, verify records, and store critical data, all powered by networks like Walrus beneath the surface.
The quiet rise has already begun.
And in the depths, the future of finance is forming.
Bitcoin_Trader_Professior X
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Bullish
Zarif Bey
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Walrus and Web3 @WalrusProtocol What is Walrus (WAL)? In recent years, as interest in data storage solutions within the Web3 space has grown, Walrus Finance (WAL) has emerged as one of the projects offering a decentralized approach to meet this demand. Particularly focused on securely storing large-volume files on the blockchain, Walrus not only serves as a data storage tool but also functions as an economic protocol enhanced with tokenomic incentives. Built on the Sui blockchain, the project aims to create a scalable and sustainable infrastructure by integrating off-chain data management with on-chain verification processes. Programmability and Data Control The Walrus Protocol brings programmability to decentralized storage, enabling smart contracts to directly reference or trigger data stored on the chain. This capability transforms NFTs and other digital assets into genuine Web3 assets, enhancing their value and utility. Advanced Data Access and Deletion Unlike other storage protocols, Walrus allows users to modify or delete their data as needed. This flexibility is critically important for organizations and businesses that require control over sensitive information, making Walrus a versatile solution for a wide range of use cases. #walrus #world #MarketRebound #BTCVSGOLD #writetoearn $WAL {spot}(WALUSDT)
Walrus and Web3
@Walrus 🦭/acc

What is Walrus (WAL)?

In recent years, as interest in data storage solutions within the Web3 space has grown, Walrus Finance (WAL) has emerged as one of the projects offering a decentralized approach to meet this demand. Particularly focused on securely storing large-volume files on the blockchain, Walrus not only serves as a data storage tool but also functions as an economic protocol enhanced with tokenomic incentives. Built on the Sui blockchain, the project aims to create a scalable and sustainable infrastructure by integrating off-chain data management with on-chain verification processes.

Programmability and Data Control

The Walrus Protocol brings programmability to decentralized storage, enabling smart contracts to directly reference or trigger data stored on the chain. This capability transforms NFTs and other digital assets into genuine Web3 assets, enhancing their value and utility.

Advanced Data Access and Deletion

Unlike other storage protocols, Walrus allows users to modify or delete their data as needed. This flexibility is critically important for organizations and businesses that require control over sensitive information, making Walrus a versatile solution for a wide range of use cases.

#walrus #world #MarketRebound #BTCVSGOLD #writetoearn

$WAL
Crypto1com
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🌍Charting the World's Top Digital ExportersThe value of U.S. digitally-delivered exports totaled $741 billion in 2024, up 11% over the year.The UK and Ireland play an outsized role in exports, powered by multinational activity and established tech ecosystems.$ETH {spot}(ETHUSDT) $BTC #world

🌍Charting the World's Top Digital Exporters

The value of U.S. digitally-delivered exports totaled $741 billion in 2024, up 11% over the year.The UK and Ireland play an outsized role in exports, powered by multinational activity and established tech ecosystems.$ETH $BTC #world
Crypto News Explorer
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Çrypto_Ɓoƴƴ
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🚨 US Strikes Iran: What It Means for the Region and Markets🔹 Big picture The latest U.S. strikes have pushed Iran further into isolation 🌍. With most global powers keeping their distance, only a few allies like Russia are offering support 🤝, leaving Tehran in a tight geopolitical corner. 🔹 Past moves that shaped today Iran’s relationships have weakened over time. A major U.S. telecom deal collapsed in 2014 ❌. In 2021, after a huge $400B cooperation agreement, Iran shifted toward India 🇮🇳 and handed over control of Chabahar Port 🚢, challenging Pakistan’s Gwadar Port. By 2023, Iran and Saudi Arabia 🇸🇦 eased tensions slightly, but Iran warned that any attack could lead to missile strikes across the Gulf 🚀. 🔹 Where the money is going As tensions rise, investors are pulling capital out of Iran 📉 and moving it into safer regional markets like Saudi Arabia 📈. Even in conflict, Iran and India continue economic ties, reshaping regional investment flows 💼. 🔹 Economic pressure inside Iran Missiles may give Iran leverage 🚀, but they can’t fix the economy 💔. The currency has lost huge value over the past decade, while wealthy elites quietly move their money abroad 🏦✈️. 🔹 Impact on global markets This growing risk usually lifts oil prices 🛢️, pushes gold higher 🥇, shakes currencies 💱, and adds volatility to stocks and crypto ⚡. Traders worldwide are now watching for ripple effects across global liquidity and risk appetite 🌐. #US #iran #Geopolitics #conflicts #world $BTC {spot}(BTCUSDT) $ETH {spot}(ETHUSDT) $XRP {spot}(XRPUSDT)

🚨 US Strikes Iran: What It Means for the Region and Markets

🔹 Big picture
The latest U.S. strikes have pushed Iran further into isolation 🌍. With most global powers keeping their distance, only a few allies like Russia are offering support 🤝, leaving Tehran in a tight geopolitical corner.

🔹 Past moves that shaped today
Iran’s relationships have weakened over time. A major U.S. telecom deal collapsed in 2014 ❌. In 2021, after a huge $400B cooperation agreement, Iran shifted toward India 🇮🇳 and handed over control of Chabahar Port 🚢, challenging Pakistan’s Gwadar Port. By 2023, Iran and Saudi Arabia 🇸🇦 eased tensions slightly, but Iran warned that any attack could lead to missile strikes across the Gulf 🚀.

🔹 Where the money is going
As tensions rise, investors are pulling capital out of Iran 📉 and moving it into safer regional markets like Saudi Arabia 📈. Even in conflict, Iran and India continue economic ties, reshaping regional investment flows 💼.

🔹 Economic pressure inside Iran
Missiles may give Iran leverage 🚀, but they can’t fix the economy 💔. The currency has lost huge value over the past decade, while wealthy elites quietly move their money abroad 🏦✈️.

🔹 Impact on global markets
This growing risk usually lifts oil prices 🛢️, pushes gold higher 🥇, shakes currencies 💱, and adds volatility to stocks and crypto ⚡. Traders worldwide are now watching for ripple effects across global liquidity and risk appetite 🌐.

#US #iran #Geopolitics #conflicts #world

$BTC
$ETH
$XRP
MD Rifatul Islam Riaz
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RECENT UPDATES
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Bullish
#world RICHEST MAN #Musk MAY GO BIG ON #BITCOIN, SAYS SAMSON MOW 🚀 Samson Mow, #CEO of Jan3, a Bitcoin technology company, predicts Elon Musk could “go hard” into BTC this year. Reminder: Elon Musk’s Tesla has been holding ~11,500 #bitcoin.” for over 4 years, worth roughly $1.1B #today . $UAI $IP $BTC
#world RICHEST MAN #Musk MAY GO BIG ON #BITCOIN, SAYS SAMSON MOW 🚀

Samson Mow, #CEO of Jan3, a Bitcoin technology company, predicts Elon Musk could “go hard” into BTC this year.

Reminder: Elon Musk’s Tesla has been holding ~11,500 #bitcoin.” for over 4 years, worth roughly $1.1B #today .
$UAI $IP $BTC
TheBlass
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Why do people tend to buy when it's green? The market in general had a terrible collapse a little less than a month ago, and no one wanted to take advantage of that rise, and now when they see the green candles is when they go into mode #FearOfMissingOut . Take advantage of the drops to be comfortable during the rises, people buying #ada at 0.90 knowing that it was recently at 0.67, people buying #world at 1.33 when it was recently at 0.84, not to mention Solana, it dropped to 137 and they buy it at 190 🤣 I really can't believe it, my goodness.
Why do people tend to buy when it's green? The market in general had a terrible collapse a little less than a month ago, and no one wanted to take advantage of that rise, and now when they see the green candles is when they go into mode #FearOfMissingOut . Take advantage of the drops to be comfortable during the rises, people buying #ada at 0.90 knowing that it was recently at 0.67, people buying #world at 1.33 when it was recently at 0.84, not to mention Solana, it dropped to 137 and they buy it at 190 🤣 I really can't believe it, my goodness.
Crypto PR
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#World El Salvador’s Bitcoin Experiment Ends: What It Means for Crypto Policy. El Salvador was the first country to adopt Bitcoin as legal tender, inspiring crypto enthusiasts worldwide. But three years later, parliament has repealed the law. The reasons behind this reversal—and its implications for Switzerland’s own Bitcoin debate—are worth examining. Ambitious visions were abundant. El Salvador’s President Nayib Bukele promised his people financial freedom through Bitcoin. He envisioned a Bitcoin City, where crypto firms from around the world would establish themselves and mine digital currency. The government even announced the world’s first Bitcoin sovereign bond. Bukele was heavily invested in Bitcoin’s success: According to the «NZZ» (paywalled article), he allocated $200 million in taxpayer money to the initiative—a staggering amount for a country on the brink of default. Parliament Reverses the Decision El Salvador was the first country in the world to declare Bitcoin an official currency in 2021—despite opposition from the International Monetary Fund (IMF). The move turned the nation into a showcase for Bitcoin proponents. Even in Switzerland, some crypto advocates frequently pointed to El Salvador as a pioneering project. However, the country’s parliament has now pulled the plug, repealing the law. Bitcoin is no longer official legal tender. Notably, the decision came just one day before a major international Bitcoin conference in San Salvador at the end of January.
#World

El Salvador’s Bitcoin Experiment Ends: What It Means for Crypto Policy.

El Salvador was the first country to adopt Bitcoin as legal tender, inspiring crypto enthusiasts worldwide. But three years later, parliament has repealed the law. The reasons behind this reversal—and its implications for Switzerland’s own Bitcoin debate—are worth examining.

Ambitious visions were abundant. El Salvador’s President Nayib Bukele promised his people financial freedom through Bitcoin. He envisioned a Bitcoin City, where crypto firms from around the world would establish themselves and mine digital currency.

The government even announced the world’s first Bitcoin sovereign bond. Bukele was heavily invested in Bitcoin’s success: According to the «NZZ» (paywalled article), he allocated $200 million in taxpayer money to the initiative—a staggering amount for a country on the brink of default.

Parliament Reverses the Decision

El Salvador was the first country in the world to declare Bitcoin an official currency in 2021—despite opposition from the International Monetary Fund (IMF). The move turned the nation into a showcase for Bitcoin proponents. Even in Switzerland, some crypto advocates frequently pointed to El Salvador as a pioneering project.

However, the country’s parliament has now pulled the plug, repealing the law. Bitcoin is no longer official legal tender.

Notably, the decision came just one day before a major international Bitcoin conference in San Salvador at the end of January.
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