El Salvador Celebrates Christmas 2024 with Bitcoin $BTC Themed Festivities
El Salvador, the first country to legalize Bitcoin as a payment method, is marking Christmas 2024 in a distinctive way by unveiling a Bitcoin-themed Christmas tree in the heart of its capital city. This gesture highlights the nation’s continued commitment to the digital asset.
In addition to festive celebrations, El Salvador further strengthened its Bitcoin holdings just before Christmas. The government purchased an additional 11 Bitcoin (BTC) worth US$1.06 million, bringing its total reserves to 5,994 BTC, valued at over US$580 million at current prices.
This bold move comes despite warnings from the International Monetary Fund (IMF), urging El Salvador to loosen its Bitcoin policies if it hopes to secure a US$1.4 million loan.
By doubling down on its Bitcoin adoption, El Salvador continues to set an example as a global leader in integrating cryptocurrency into its economy, showcasing its long-term vision for financial innovation and independence.
