El Salvador’s Christmas Bitcoin Surge – IMF Observes as Crypto Move Gains Momentum
El Salvador is ramping up its Bitcoin purchases, adding one coin a day to its Strategic Bitcoin Reserve, despite pressure from the IMF to slow down.
Since December 20, the country has bought 12 BTC, then one per day, signaling a strong commitment to digital assets. While Bhutan also holds BTC strategically, El Salvador’s growing reserve marks a bold departure from traditional financial systems.
As the country continues its buying spree, it sets a global precedent for using Bitcoin as both currency and leverage. Analysts will be watching closely as 2025 approaches to see whether this strategy proves visionary or risky.
Clever Robot News Desk 29th December 2024
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