The new report shook the story of El Salvador’s bold Bitcoin. NAYIB BUKELE and the National Bitcoin office promised to buy one BTC every day.
Public trackers have even showed Holdings, which goes beyond 6,102 BTC. However, according to the IMF’s Article 4 of July 15, there is no new purchase since the $ 1.4 billion extended fund facility was approved in December 2024.
The internal wallet motion created the fantasy of the purchase.
According to the IMF report, the increase in the public sector bitcoin has not come from new spending. Instead, the government -owned wallet moved the coin.
Such transmissions appear in the open dashboard. But they were just internal changes. They did not get taxpayers or did not include the market. Chivo E -Wallet’s small ups and downs come from internal corrections, not new deposits.
The IMF has found that El Salvador has stopped buying Bitcoin to get a Fiat loan.
Footnote #9 seems to have been purchased, but it actually integrates multi -government wallets.
Source:… pic.twitter.com/46afu1oi08
-Magoo PHD (@odlmagoo) July 17, 2025
Bitcoin legal bidding pressure on reversal
In 2021, El Salvador took the headline by bidding Bitcoin legal bidding. The movement began cheering and warning around the world. According to the report, this decision was overturned in January 2025 under pressure from the international lending agency.
They agreed to remove Bitcoin for legitimate status and stop using public funds for more coins. The IMF now confirms the facts.
Chivo E -Wallet There is a deadline for exit.
According to the report, the government must end the public sector’s participation in the Chivo system by July 31, 2025. That date is on the corner. El Salvador also promised to solve FideBitcoin. Both stages are aimed at increasing financial transparency and tracking expansion fund facilities.
El Salvador President Nayib Bukele. Source: Getty Images
Analysts’ eye trust and transparency questions
Some experts say that big takeout is about trust. Subsequently, the shuffle ringing between the wallet while insisting on a new purchase can hurt the reliability of the government. Citizens and investors may wonder what will happen to the story.
Image: REUTERS/Johannes P. Christo/File Photo
Even if fresh money does not change its hands, it has received attention on how to share the inconsistent data of claims and reality.
The IMF provided credit for achieving program goals. But in the next few weeks, the government will show you all the promises.
The main movement is to remove Chivo and dissolve feed bits. If El Salvador sticks to the plan, you can reset the story. Otherwise, skeptics will find new reasons to doubt all the future Bitcoin presentations.
Chart of TradingView, the main image of Unsplash
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