In the last of 2024, El Salvador signed a deal with the IMF; with this deal, the nation’s Bitcoin buying strategy saw a slight decline. Yet the recent X post Bitcoin Office of the nation notes the recent buying of BTC with any fail.
The young president of El Salvador, Nayib Bukele, is termed as one of the pro-political figures worldwide, and his commitment to Bitcoin set him apart from other leaders.
El Salvador aims to become the top Bitcoin holder in the coming future.
According to the data from Bitcoin(dot)Gob(dot)SV, El Salvador holds 6,101.18 BTC; it is worth noting that the nation has added +13 BTC in the past seven days and +46 BTC monthly.
Considering the data of the ongoing purchases, experts have argued that the nation and its president seem dedicated to following their aim of adding 1 Bitcoin daily to the reserve.
Not only El Salvador, but severe institutional investors have also bought Bitcoins at a cheaper rate in the ongoing bearish momentum in the wider crypto market.
Despite the IMF suggestions and warnings, El Salvador has continued to follow the path of Bitcoin buying, and if it continues, the BTC holding of the nation’s total balance of Bitcoin is expected to reach 6,396.18.
Nayib reposted the X post of The Bitcoin Office dated March 05, 2025; the repost says, “This all stops in April.” “This all stops in June.” “This all stops in December.”
The president boldly stated, “No, it’s not stopping.” Back-to-back favoritism for Bitcoin by Nayib has sparked debate in the market, with some praising his BTC strategy; on the other hand, some have criticized him for using the national treasury for Bitcoin buying.
Paolo Ardoino, the Chief Executive Officer of Tether, also praised Nayib’s Bitcoin strategy by saying that what the current president of the nation has done will be included in the history books and will be narrated widely.
Michael Saylor, the chair of Strategy ( earlier MicroStrategy), admired Nayib by replying to the same post, saying Bitcoin adoption is unstoppable. However, in terms of the highest BTC holdings, the company run by Saylor holds the highest Bitcoins.
Is Bitcoin netted below $90k?
At the time of writing, Bitcoin was below $90k, at $87,131.86, with an initial surge of 3.50% in the past 24 hours, yet it is at a loss of 7.74% in the monthly frame.
According to the data from TradingView, Bitcoin is currently below its 20, 50, and 100-day exponential moving average, and at the same time, it is above its 200-day EMA, which is $85,745.
Over the past couple of sessions, BTC has been dragged below with a greater force; in the past 30 days, its lowest traded at $78,248, and its highest traded price remains below $105k at $102,514.
After years of hustle, Bitcoin has acquired the ATH of $109,114 on January 20, 2025, yet experts say the spike in BTC prices in between October 2024 and January 2025 was sparked by the historical victory of Donald Trump.
