Here's the part of 🇸🇻 El Salvador's Bitcoin story most people miss.
The country changed its rules, but didn't abandon Bitcoin.
SEPTEMBER 2021:
- Bitcoin becomes legal tender
- 200 BTC bought initially
2022
- Bitcoin crashes hard
- Holdings grow to roughly 2,400
2025
- IMF deal
- Bitcoin's mandatory legal-tender status is rolled back.
2026
- 7,745 BTC reported holdings, roughly $493M at current prices
So yes, the original "Bitcoin as everyday money" experiment didn't play out as planned.
But something else happened
El Salvador built one of the world's largest publicly disclosed sovereign Bitcoin reserves.
El Salvador changed its Bitcoin policy, but it never completely changed its Bitcoin conviction.
$BTC #bitcoin
The country changed its rules, but didn't abandon Bitcoin.
SEPTEMBER 2021:
- Bitcoin becomes legal tender
- 200 BTC bought initially
2022
- Bitcoin crashes hard
- Holdings grow to roughly 2,400
2025
- IMF deal
- Bitcoin's mandatory legal-tender status is rolled back.
2026
- 7,745 BTC reported holdings, roughly $493M at current prices
So yes, the original "Bitcoin as everyday money" experiment didn't play out as planned.
But something else happened
El Salvador built one of the world's largest publicly disclosed sovereign Bitcoin reserves.
El Salvador changed its Bitcoin policy, but it never completely changed its Bitcoin conviction.
$BTC #bitcoin