El Salvador has added 21 Bitcoin to its national holdings in a symbolic move to celebrate the fourth anniversary of adopting Bitcoin as legal tender. President Nayib Bukele disclosed the purchase in a Sept. 7 post on X, noting that the acquisition coincided with “Bitcoin Day,” when the country formally approved the crypto in 2021. […]
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El Salvador’s legislature has approved major constitutional reforms that will significantly reshape the country’s political structure and electoral timelines. The new bill, passed on July 31 by 57 lawmakers, enables indefinite presidential re-election, extends the length of presidential terms from five to six years, and removes the need for second-round runoffs in elections. Crucially, the […]
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Bo Hines, who leads President Donald Trump’s advisory council on digital assets, recently met with El Salvador’s President Nayib Bukele to discuss potential partnerships in the crypto space. In a post shared on June 5, Hines revealed that the meeting centered around digital asset development and a shared ambition to reshape global finance. He also […]
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El Salvador has kept purchasing bitcoin, but the IMF seems unfazed.
The IMF said bitcoin usage remains marginal in El Salvador, with minimal circulation as a payment method due to its high price volatility and low public trust.
The Central American nation is on a roll. This year’s Plan B conference was electric, featuring famous speakers from abroad as well as native Spanish content.
El Zonte inspired Bukele to make bitcoin legal tender in El Salvador. CoinDesk visited the surfing village to see how it’s developing.
President Nayib Bukele vowed to build Bitcoin City on the Conchagua volcano. CoinDesk went looking for signs of construction.
El Salvador started accumulating BTC under Bukele's leadership, fueling speculation about Trump's strategic reserve promises.
A positive feedback loop is being created between El Salvador’s bitcoin education programs and crypto companies looking for a friendly jurisdiction.
Tether, the leading stablecoin issuer, is finalizing its plans to move its global headquarters to El Salvador after obtaining a Digital Asset Service Provider (DASP) license, according to a Jan. 13 statement. Tether explained that El Salvador, the first nation to adopt Bitcoin as legal tender, has positioned itself as a global hub for digital […]
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Since making Bitcoin a legal tender in 2021, the El Salvador government, led by President Nayib Bukele, has pursued a consistent strategy of accumulating Bitcoin. This Bitcoin accumulation strategy, which has largely paid off, has continued up until now. According to recent data, El Salvador has now crossed the 6,000 BTC threshold. This makes El Salvador the sixth country behind the likes of the US, the UK, and Bhutan to hold 6,000 BTC or more. El Salvador’s Bitcoin Strategy Reaches New Milestone Unlike countries like the US and the UK, whose Bitcoin holdings are from seized assets from criminals, El Salvador’s Bitcoin holdings have been through consistent purchases. Notably, El Salvador’s deliberate and consistent approach to building a Bitcoin reserve has been a cornerstone of President Bukele’s vision to establish the small Central American country as a leader in the crypto industry. Related Reading: Is Bitcoin Ending 2024 On A High Note? Analysts Say This Level Is Key According to data from the official website of El Salvador’s Bitcoin portfolio tracker, the country added another BTC to its reserve in the past 24 hours. This BTC was acquired at $94,702 and essentially pushed the total holdings to 6,000.77 BTC. Interestingly, a detailed look at the data shows that El Salvador has purchased around 50 more BTC since the beginning of December. This growth has mostly been consistent with 1 BTC purchased each day, except for December 20 and December 22, which were highlighted by purchases of 11 BTC. At the time of writing, El Salvador’s Bitcoin stash is worth a little over $570 million. This value has grown massively in the past three months and could grow more in 2025. Particularly, El Salvador’s Bitcoin portfolio reached a peak value of $643 million on December 17 when the Bitcoin price peaked at $108,135. Image from bitcoin.gob.sv Outlook For El Salvador’s Bitcoin Stash Despite initial skepticism from international organizations and financial experts, this strategy appears to have yielded positive results over time, largely due to Bitcoin’s price surge this year. According to data from nayibtracker.com, El Salvador is currently sitting on $157 million in profit from its Bitcoin purchases, having bought its 6,000 BTC at an average price of $45,465. El Salvador’s first Bitcoin purchase was made in September 2021 and is currently showing no signs of stopping soon. However, the country did reach an agreement recently with the IMF to scale back its Bitcoin purchase trends in order to be able to secure funding. Although this agreement was made on December 18, El Salvador doubled down and bought 11 more BTC just days later. Related Reading: CME Gap Threatens Bitcoin With Potential Drop To $77,000 – Analyst At the time of writing, Bitcoin is trading at $95,030. Technical analysis suggests that the cryptocurrency is on track to reach new highs by 2025, with peak price targets ranging from $150,000 to $1 million. This, in turn, is going to allow the value of El Salvador’s Bitcoin portfolio to keep growing. Featured image from Getty Images, chart from TradingView
Salvadoran merchants reportedly will no longer be compelled to accept bitcoin as a means of payment anymore.
El Salvador reportedly expects to reach an agreement with the IMF on a $1.3 billion loan deal in return for changes in its Bitcoin Law.
El Salvador’s unrealized gains of more than $300 million on its Bitcoin purchases came as BTC broke through the $100,000 milestone price.
In an exchange on X, Tesla CEO Elon Musk described El Salvador’s Bitcoin holdings as “impressive” after President Nayib Bukele shared an update on the country’s BTC wallet. El Salvador, the first nation to adopt Bitcoin as legal tender in September 2021, has witnessed significant growth in its BTC investments year-to-date. Elon Musk Is Impressed […]
A new Solana-based memecoin has stolen the crypto market’s spotlight after surging over 80% in seven days to a market capitalization above the $600 million mark. After its remarkable performance, the latest internet sensation continues to grow in popularity, recently scoring two major exchange listings. Related Reading: Polygon: Analyst Sets ‘Wild’ Price Target Amid POL’s 38.2% Weekly Surge Just A Chill Rise To $0.65 This cycle’s memecoin mania has seen the rise and fall of many tokens in the last few months, including the Celebrity token frenzy and the recent Pump.fun Livestream saga, sparking a discussion on whether they benefit the market. Despite the criticism, new tokens continue to rise, with some leaping into massive highs in a matter of days. The latest memecoin sensation, just a chill guy (CHILLGUY), has ignited a craze that sent the token to a massive 80% weekly rally. The cryptocurrency is based on a viral TikTok meme of a smirking dog in a laid-back pose dressed in casual clothing. The original drawing was created by Philip Banks in 2023 and has been slowly gaining popularity on social media platforms. The meme also became viral on X and Instagram, with several reimaginations of the ‘Chill Guy’ flooding people’s timelines. Amid the meme’s popularity boost, crypto investors created a token inspired by the internet sensation. On November 20, the meme’s momentum fueled the token’s 400% rally to $0.44 in 24 hours. However, its price momentarily dropped over 30% after Banks announced he would take legal action against the token for copyright infringement. Since then, the memecoin has surged around 50% to its all-time high (ATH), recording two new highs during the last day. The token hit the $0.56 mark on Tuesday afternoon before surging another 20% to its latest ATH of $0.65 on Wednesday morning. The cryptocurrency hit a market capitalization of $657 million before retracing below $600 million, sitting as the eighth-largest Solana-based memecoin. Memecoin Sensation Scores Major Listings The token’s frenzy has been fueled by the meme’s current popularity and its endorsement by public figures. A week ago, El Salvador’s pro-Bitcoin President, Nayib Bukele, shared the just a chill guy meme as BTC traded above $94,000 for the first time in history. Moreover, Popular YouTuber Mr. Beast called the internet sensation the “biggest meme of our lifetime” after streamer Ninja shared his version of the meme on Tuesday. Adding to the momentum, major crypto exchanges have announced their listing of the latest memecoin sensation. On November 26, Bybit listed CHILLGUY on their Spot trading platform, while Binance announced it would add perpetual contracts with up to 75x leverage to Binance Futures on November 27. Amid the CHILLGUY frenzy, an investor made over $6 million from the token. As on-chain data analytics firm Lookonchain reported, a crypto trader spent 0.75 SOL, worth $160, to buy 12.5 million CHILLGUY tokens. Related Reading: Altcoins ‘Starting To Run’ After Reclaiming This Key Level, Altseason Around The Corner? Twelve days later, the trader now holds 9.2 million tokens, making a total profit of $6.1 million at the time of Lookonchain’s report. Some community members noted that if the cryptocurrency continues its rapid growth, it could flip other memecoin sensations like dogwifhat (WIF) and Popcat (POPCAT) within a week. However, it remains to be seen whether the token can sustain its current momentum or become a one-hit crypto wonder. As of this writing, CHILLGUY trades at $0.59, a 23.3% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
Suriname’s new presidential candidate Parbhoe wants a deeper Bitcoin nation than Nayib Bukele’s El Salvador.
The National Commission of Digital Assets is the agency in charge of regulating crypto in El Salvador, the first nation to accept Bitcoin as legal tender.
Bitcoin price surpassing $100,000 is within reach. The crypto laser eyes craze has turned from a delusional and flashy trend to a backed statement by actual fundamentals followed by some politicians.
The Bitcoin stacking firm has bought Bitcoin 42 times at a dollar cost average of $39,292, according to Bitcoin Treasuries data.
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Argentine Vice President and Senate President Victoria Villarruel held a private meeting about Bitcoin with El Salvador’s President, Nayib Bukele, during the second days of his first official visit to Argentina. On the first day, Bukele met with Argentine President Javier Milei at Casa Rosada in Buenos Aires as well as President of the Chamber […]
According to a TIME Magazine correspondent, El Salvador President Nayib Bukele used Bitcoin to “change the narrative” on the country’s international perception.
Three years ago, on September 7, 2021, the country of El Salvador shocked the world when its president, Nayib Bukele, announced that the country would be adopting Bitcoin as legal tender. Not only that, the county also began buying BTC to add to its reserves, growing that stash over the years. Now that the country […]
In a recent interview with TIME, Nayib Bukele, El Salvador’s pro-Bitcoin president, assessed the impact of his plan to position the country as a hub for the largest cryptocurrency on the market. While he acknowledged that adoption has not met expectations, he emphasized that the overall results have been “net positive.” Bitcoin In El Salvador […]
The Salvadoran president seemed to embrace the ”authoritarian” label while admitting that the country had not seen as many benefits from Bitcoin as he anticipated.
The Turkish Yilport Holdings made the largest-ever private investment in El Salvador and will develop the port at the proposed site of Bitcoin City.
On Thursday, May 23, Argentina’s National Securities Commission (CNV) engaged in discussions with El Salvador’s National Commission of Digital Assets (CNAD). This meeting highlights a growing interconnection between the two nations, focusing particularly on Bitcoin (BTC) adoption and regulation strategies. Is Argentina Following El Salvador’s Bitcoin Path? Roberto E. Silva, the President of CNV, along […]
Bitcoin, the world’s largest cryptocurrency asset, continues to see widespread adoption. The Central American country of El Salvador recently made a massive transfer of BTC to the country’s physical reserve. El Salvador Transfers Thousands Of Bitcoins To Vault Nayib Bukel, the president of El Salvador, took the social media platform X (formerly Twitter) to share […]