El Salvador Will Continue to Buy BTC Despite IMF Deal

El Salvador’s Bitcoin initiative is encountering its most significant challenge yet. Under a $1.4 billion agreement with the International Monetary Fund, the country has reportedly committed to halting Bitcoin purchases with public funds by July 2025. Nonetheless, President Nayib Bukele remains resolute.

In direct response to criticism over the latest IMF restrictions, Bukele announced the acquisition of an additional five Bitcoins and dismissed any claims that the country’s BTC strategy was coming to an end.

“No, it’s not stopping,” he declared. “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.”

Bukele’s public position has attracted both support and skepticism. While Bitcoin advocates have lauded his commitment, others question whether he can challenge the IMF’s terms without risking the loan arrangement.