Discrepancies in El Salvador regarding the status of Bitcoin purchases have emerged. President Nayib Bukele claims of ongoing purchases conflict with the Finance Ministry's statement of no new acquisitions.
Nayib Bukele's Claims on Bitcoin Purchases
President Nayib Bukele stated that El Salvador continues to acquire Bitcoin on a daily basis. These claims contradict official information from the Central Reserve Bank and Finance Ministry, indicating no new purchases since February 2025.
Position of the Finance Ministry and IMF
El Salvador's Finance Ministry and other state institutions confirmed that no new Bitcoin purchases had been made, aligning with the position of the International Monetary Fund, which is monitoring the situation in accordance with funding terms. This misunderstanding highlights conflicts between government leaders and transparency commitments.
Impact on Market and Policy in El Salvador
Currently, the market shows no reaction to these events, with Bitcoin prices remaining stable. However, such discrepancies may impact political transparency and compliance with El Salvador's international financial obligations. Potential outcomes may include changes in fiscal policy and oversight regarding cryptocurrency assets.
The discrepancies between President Nayib Bukele and the Finance Ministry regarding Bitcoin purchases raise questions about transparency and compliance with El Salvador's international obligations, which may lead to further market instability and misunderstandings among international partners.
