El Salvador has a daily purchase policy of Bitcoin, and for several days it was breached.
It is not the first time that a break in the purchases of BTC of El Salvador.
El Salvador stopped buying Bitcoin (BTC) for five days during the last week of January, a deviation from its usual daily acquisition policy. This interruption occurred amid significant changes in the country’s bitcoiner policy.
According to him follow-up From the National Office of the Bitcoin of El Salvador (ONBTC), Bitcoin’s purchases began to show intermission since January 21, with the following purchase recorded on January 23. That is to say, 1 day without BTC purchases.
On January 24, one more bitcoin was acquired, but then there were no more purchases until January 28, when the following acquisition was made. With this they joined Three days without BTC purchases.
After January 28, no more acquisitions were recorded, until Thursday, January 30, A 1 -day delay in the daily acquisition of BTC by El Salvador.
This Friday, January 31, the ONBTC reported that El Salvador acquired 1 more BTC, adding a total of 6,050 bitcoin in your reservevalued at 632 million dollars. If the missing coins have acquired, the country’s reserves would be 6,055 BTC.
“The country of Bitcoin continues to win,” said the Government Office.
The reason behind this temporary purchase stoppage has not been clarified by the Salvadoran authorities. Cryptonotics tried to contact Stacy Herbert, director of the ONBTC, for more details, But there was no response when publishing this report.
However, This is not the first time that El Salvador leaves continuous purchases of 1 BTC. Between April 13 and 15 of last year, ONBTC registered an interruption of this style.
Pressures on El Salvador?
The paralysis in the BTC purchase dynamics could respond to possible and different scenarios, such as financial restrictions or a reevaluation of the investment strategy, which could be a consequence of market volatility.
Although there has been speculation about whether this interruption responds to pressures from the International Monetary Fund (IMF), nothing indicates that the agency has exerted any pressure to stop BTC purchases.
It must be remembered that on El Salvador weighs an important pressure to access without problems the loan of 1.4 billion dollars of the IMF, an agreement that reached in December 2024 and that supposes nothing less than the direct change of several policies inherent to Bitcoin.
In response to the demands of the IMF, El Salvador approved a reform to the historical Bitcoin Law. This reform, as cryptootics reported, eliminated Bitcoin’s recognition as legal tenderrelegating it to a digital asset without currency status.
This decision has generated a wave of protests in the Bitcoin community, with a Generalized feeling of disappointment. John Dennehy, Bitcoiner and director of the educational organization My first Bitcoin, has been one of the most vocal critics, recently declaring that El Salvador “eliminated all references to Bitcoin as money.”
Now, nothing indicates that the agreement requires El Salvador that they have to stop buying Bitcoin. In fact, recent purchases demonstrate this behavior. In addition to not the first time that the country stops buying BTC. In April last year, long before the agreement with the IMF, There were days when BTC acquisitions were not recorded.
In addition, this punctual stoppage does not affect El Salvador’s strategy, because in key moments, when the market falls, for example, El Salvador usually buy extra amounts of BTC, with 11 bitcoin sums and sometimes 40 BTC.
Bitcoiners events in the middle of the tremor
These changes in bitcoiner politics, and delays in BTC’s purchases, They coincided with the realization of two significant events in El Salvador. The first was the Circular Economies Summit in the Zonte, known as Bitcoin Beach, where representatives of various Bitcoiners city in Latin America and other places in the world gathered.
Cases such as Laguna Bitcoin, Bitcoin Dominicana, Bitcoin Ekasi and Bitcoin Haiti, among others, showing how these projects They are transforming local economies through the use of Bitcoin.
Subsequently, in San Salvador, the step step by step was held, organized by Plan B Forum. This event He brought together important referents from the Bitcoin industrysuch as investment figures, protocol developers and cryptocurrency educators. It was a platform to discuss the future of Bitcoin, its impact on the global and local economy, and how government policies affect this currency.
The celebration of these events in the midst of opposite political decisions and turbulence in the BTC purchase dynamics of the Central American country, demonstrates that the Bitcoin community has been reinforced in El Salvador and that this kind of events They do not directly impact the social basis of the ecosystem. This, allowing the congregation of great referents of the sector in a nation that is still qualified Bitcoiner.
Now, the Bitcoiner Global Community is attentive to these developments in El Salvador, observing how these changes could influence not only the adoption of this asset in the country, but also in the perception and policies of other countries towards Bitcoin.
The interruption in the daily purchases of Bitcoin by El Salvador and the reform of its Bitcoin legislation They mark a turning point that could define the future of the interaction between states and cryptocurrencies in a context of emerging digital economy.