Everyone's crying about El Salvador "abandoning" $BTC after the IMF deal.
Wrong.
They rolled back the legal tender mandate. That's it. The stack? Still growing.
Sept 2021: 200 $BTC
2022 bear: ~2,400 $BTC (buying the dip)
2026: 7,745 $BTC (~$493M)
They didn't dump. They accumulated through the entire cycle.
The "legal tender" experiment failed. Fine. But they're sitting on one of the fattest sovereign $BTC bags on the planet.
Conviction > compliance.
Bukele played the long game while everyone else panic-sold.
Wrong.
They rolled back the legal tender mandate. That's it. The stack? Still growing.
Sept 2021: 200 $BTC
2022 bear: ~2,400 $BTC (buying the dip)
2026: 7,745 $BTC (~$493M)
They didn't dump. They accumulated through the entire cycle.
The "legal tender" experiment failed. Fine. But they're sitting on one of the fattest sovereign $BTC bags on the planet.
Conviction > compliance.
Bukele played the long game while everyone else panic-sold.