Oh, El Salvador, you sly dog! 🤭 Just when you thought you could sneak a $100M Bitcoin buy while on a IMF diet, here we are. The country that once declared Bitcoin its legal tender is now playing a dangerous game of “do as I say, not as I do.” 💸
According to the Bitcoin Office (a government department that’s probably more exciting than your average office), they’ve scooped up 1,090 BTC-enough to buy a small island, a yacht, and a lifetime supply of avocado toast. 🍞🚀 But wait! The IMF said, “No more Bitcoin, please!” and El Salvador said, “Sure, boss!”… until they didn’t. 🤷♀️
Now, their Bitcoin stash has jumped from 5,968 BTC to 7,474 BTC-like a toddler on a sugar rush. 🍬 But here’s the kicker: Bitcoin’s value has dropped 28% since its peak. So, are they investing in the future or just gambling on a rollercoaster? 🎢
Quentin Ehrenmann, the guy who probably needs a therapist after watching El Salvador’s Bitcoin antics, said the government’s crypto stash isn’t helping the average citizen. “It’s like buying a goldfish for your pet iguana,” he quipped. 🐟🐢
“The government, apparently, continues to accumulate Bitcoin, which is beneficial for the government – it’s not directly good for the people.”
The IMF and El Salvador’s government? Silent as a church mouse. 🐭 What’s next? A Bitcoin-themed diplomatic crisis? 🇪🇸💸
Is El Salvador buying Bitcoin or not?
Data says yes, IMF says no, and everyone’s confused. It’s like a game of “I Spy” but with millions of dollars. 🕵️♀️
The IMF claims El Salvador bought zero Bitcoin since 2024, but the government’s own numbers tell a different story. It’s like your mom saying she’s “not eating any cookies” while crumbs fall from your mouth. 🍪
“We are taking steps to mitigate fiscal risks by reducing the public sector’s role in the Chivo wallet and reframing the Bitcoin project.”
Yeah, right. While the government’s busy “reframing,” the rest of us are still trying to figure out if Bitcoin is a miracle or a scam. 🤔
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2025-11-18 16:07