A new report has shook the bold Bitcoin story in El Salvador. Throughout the year, President Nayb promised the Bitcoin National Program and Bitcoin office that they were buying one BTC every day.
Public followers showed that property climbed after 6,102 BTC. However, the Consulting of Article 4 of the International Monetary Fund on July 15 said that there were no new purchases as the Fund’s $ 1.4 billion facilities were approved in December 2024.
The interior portfolio movements were created by the illusion of purchase
According to International Monetary Fund report, Bitcoin’s rise in the General Senate did not come from new spending. Instead, the government -owned governor moved coins.
These transfers have made bans on public information panels. But those were just internal transformations. They did not rely on taxpayers ’money or include the market. Ascending and landing came in Chivo E governorates – from internal corrections, not new deposits.
It was found that the International Monetary Fund did not make El Salvador stop bitcoin purchases in order to obtain Fiat loan.
Watch No. 9 states that it made it look as if they continued to buy, but in reality multiple government governor was merged.
source :… pic.twitter.com/46afu1oi08
– Magoo PHD (@hodlmagoo) July 17, 2025
Click on the opposite of the legal bid bitcoin
Once again in 2021, Al Salvador grabbed the headlines by making the legal giving of bitcoin. This step started chants and warnings around the world. Reports indicate that the country overturned this decision in January 2025 under the pressure of international lenders.
Stripped Bitcoin From its legal status and agreeing to stop using public funds for more coins. The International Monetary Fund now confirms that these promises were correct.
The deadline waves on the horizon of Chivo E -Awallet
Based on reports, the government must end the public participation in the Chivo system by July 31, 2025. This date is just around the corner. El Salvador also promised to relax Fidebitcoin, which is the Bitcoin Trust that he set up. Both steps aim to enhance financial transparency and maintain the facility of the fund that extends on the right track.
El Salvador President Nayib Bukele. Source: Getty Images
Analysts questions of eye confidence and transparency
Some experts say that large ready -made meals revolve around confidence. Mixing currencies between the governor while demanding a new purchase can harm the credibility of the government. Citizens and investors can start asking what might be woven in a story.
Image: REUTERS/Johannes P. Christo/File Photo
Even if no new money has changed, the incompatibility between claims and reality has shed light on how to share data.
The International Monetary Fund gave credit for achieving the goals of the program. However, the coming weeks will appear whether the government is following all its obligations.
The Chivo and Fidebitcoin dissolving are great movements. If El Salvador holds the plan, he can reset his novel. If not, the skeptics will find new reasons for doubt about every Bitcoin advertisement in the future.
Distinctive image from Unsplash, tradingvief chart
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The post El Salvador Didn’t Buy Bitcoin In 2025 After All first appeared on Investorempires.com.
