No Stopping Now: Nayib Bukele Says El Salvador Will Keep Buying Bitcoin

Citing speculations around when the country will stop buying the asset, Bukele said, “It’s not stopping.”

Bukele, who has remained true to his Bitcoin views through the years, says nothing has held or will hold the country back from its plans, adding that they kept investing in BTC even when the world ostracized them and most “Bitcoiners” abandoned the country.

“Proof of work is greater than proof of whining”, Bukele added.

With the latest Bitcoin addition, El Salvador now holds around 6,101 Bitcoins worth more than $527 million. Nayib Bukele's Bitcoin policy has made him known for his bold moves. In 2021, he became the first president in the world to make Bitcoin a legal tender. A year later, he announced “The 1 Bitcoin a day” program, making Bitcoin a key part of the country’s policy.

Since then, Bitcoin's price has set new records, bringing large profits to the country (more than $254 million at the time of writing, based on DropsTab).

Nayib Bukele’s announcement about the continuous Bitcoin purchases comes despite an agreement between the International Monetary Fund (IMF) and El Salvador, which was reached in December 2024. Based on the deal, El Salvador could receive a $1.4 billion loan package for a reform agenda, but it comes with limitations on Bitcoin-related activities.

The IMF’s executive director for El Salvador, Méndez Bertolo, stated that the country must minimize economic risks associated with crypto market volatility. Although this raised questions about whether Nayib Bukele would review his Bitcoin policy, his recent announcement makes it clear that it won’t happen.

More recently, the IMF’s executive director for El Salvador, Méndez Bertolo, stated that the country must minimize economic risks associated with crypto market volatility. Although this raised questions about whether Nayib Bukele would review his Bitcoin policy, his recent announcement makes it clear that it won’t happen.

Michael Saylor, Paolo Ardonio, and Others Comment on Nayib Bukele’s Announcement 

Many in the crypto industry support Nayib Bukele's Bitcoin policy. MicroStrategy CEO and well-known Bitcoiner Michael Saylor is one of them. In response to the Salvadoran president, he stated, ‘Bitcoin adoption is unstoppable.

Tether CEO Paolo Ardonio believes what El Salvador achieved under Nayib Bukele will remain in history.

Economist Saifedean Ammous emphasized how El Salvador uses Bitcoin to reduce risks associated with exposure to the US dollar.

However, others have raised questions about whether the announcement contradicts the IMF deal and what will happen next.

With Nayib Bukele sticking to his Bitcoin strategy, it’s clear that El Salvador’s commitment to crypto is continuing, and the next steps will be closely watched.