Market Analysis
Month-on-month Bitcoin open interest continues to decline, while BTC options markets highlight balanced demand. Does the data point to reduced institutional investor activity?
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Latest El Salvador News
El Salvador is a small Central American country bordered by Honduras, Guatemala and the Pacific Ocean. In September 2021, El Salvador made a significant move in the crypto world when it became the first country to make Bitcoin legal tender.
This innovative move aligns with plans to utilize geothermal energy for cryptocurrency mining, issue “Volcano Bonds” to fund Bitcoin infrastructure and construct a “Bitcoin City” at the base of a volcano.
Despite facing international scrutiny and domestic concerns, El Salvador’s efforts position it as an emerging hub for blockchain technology through its cryptocurrency ventures.
- Analysis
Four years ago, El Salvador started its ambitious Bitcoin adoption strategy. But in 2025, that plan came to a head with the International Monetary Fund.
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The IMF says negotiations for the sale of El Salvador's wallet are ”well advanced,” but President Nayib Bukele said that his government wouldn't stop buying Bitcoin.
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El Salvador says it has bought 1,090 BTC worth over $100 million, raising questions about an IMF loan pledge to limit Bitcoin exposure and fiscal risks.
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Steak 'n Shake, an American fast food restaurant company, first began accepting BTC in May and is now expanding its stores to El Salvador.
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The Bitcoin education initiative is closing its local operations and rebranding for a global mission, shifting from teaching students in El Salvador to training educators worldwide.
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Metaplanet CEO Simon Gerovich said in June that the company’s long-term goal is to acquire 210,000 Bitcoin total by 2027.
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El Salvador has transferred its 6,274 Bitcoin into 14 new wallet addresses as part of a security measure to protect against the threat of quantum attacks.
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El Salvador President Nayib Bukele drew attention to lively betting activity on El Salvador’s Bitcoin holdings hitting $1 billion by late 2025.
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The new law will allow investment banks, which can underwrite companies, issue securities, and are institutionally focused, to hold BTC.
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El Salvador approved indefinite reelection for president and extended terms to six years, sparking backlash from critics warning of increasing authoritarianism.
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Bolivia has signed an agreement with El Salvador to promote crypto as an alternative to traditional currencies amid its ongoing economic crisis.
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Changes to El Salvador's Bitcoin laws under the IMF agreement put the benefits of BTC even further out of reach for the average resident.
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The IMF report directly contradicts regular posts from El Salvador’s Bitcoin Office that the country is purchasing one BTC per day.
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Bilal Bin Saqib met El Salvador’s President Nayib Bukele to discuss Bitcoin adoption and signed a Letter of Intent for crypto collaboration.
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