El Salvador’s President Bukele to IMF: Bitcoin Stays, No Matter the Pressure

The IMF’s latest country report outlines strict requirements aimed at limiting the country’s Bitcoin BTC $91,568.74 policies, including a ban on further government purchases, the closure of the Fidebitcoin trust by July 2025, and the release of all government Bitcoin wallet addresses.

However, President Bukele made it clear that he had no intention of complying. In a March 5 post on X, he wrote, "'This all stops in April'. 'This all stops in June'. 'This all stops in December'. No, it's not stopping".

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El Salvador’s Bitcoin Office announced the addition of 1 BTC to its national reserves, bringing the total holdings to 6,101 BTC—valued at around $510 million, according to Arkham Intelligence. This latest purchase reinforces the country’s commitment to its Bitcoin policy, despite the IMF’s attempts to limit it.

While President Bukele’s approach has faced criticism, he continues to receive support from Bitcoin advocates. Strategy chairman Michael Saylor responded to Bukele’s post, "Bitcoin adoption is unstoppable".

President Bukele followed up with another statement:

If it didn't stop when the world ostracized us and most "Bitcoiners" abandoned us, it won’t stop now, and it won’t stop in the future. Proof of work > proof of whining.

Meanwhile, US President Donald Trump reaffirmed his commitment to cryptocurrency by announcing plans for a government-held crypto reserve. What did he say? Read the full story.