El Salvador is advancing plans to sell its state-operated Chivo crypto wallet as part of negotiations with the International Monetary Fund, signaling a potential strategic pivot in the country’s pioneering Bitcoin adoption journey. This development comes amid ongoing discussions to secure international financing under a $1.4 billion IMF program, marking a critical juncture for the nation’s economic policy and its relationship with global financial institutions.
about El Salvador Nears Chivo Wallet Sale Amid IMF Bitcoin Strategy ShiftInternational Monetary Fund (IMF)
0 in Finance and 0 in Crypto last weekIMF Warns Stablecoins Threaten Banks, Boosting Bitcoin Layer 2
A stark warning from the International Monetary Fund (IMF) about the destabilizing potential of dollar-backed stablecoins on local currencies is casting a new spotlight on Bitcoin’s role as a non-sovereign asset. This macro concern, however, collides with Bitcoin’s inherent scalability limitations, igniting a competitive surge in Layer 2 infrastructure designed to unlock its dormant capital. At the forefront, Bitcoin Hyper ($HYPER) is leveraging Solana’s technology to position itself as a high-speed execution layer, aiming to transform BTC into programmable capital for the next market cycle.
about IMF Warns Stablecoins Threaten Banks, Boosting Bitcoin Layer 2IMF Warns of Fragmented Stablecoin Regulations Amid Growth
The International Monetary Fund has released a report analyzing the global regulatory response to stablecoins. It warns that while emerging rules may help mitigate risks, the current landscape remains fragmented across major economies, creating a patchwork of approaches that could challenge macrofinancial stability.
about IMF Warns of Fragmented Stablecoin Regulations Amid GrowthEl Salvador Buys $100M Bitcoin Dip, Defying IMF
El Salvador has executed its largest single-day Bitcoin purchase since adopting the cryptocurrency as legal tender, acquiring approximately 1,090 BTC worth $100 million during a market downturn. President Nayib Bukele announced the transaction as Bitcoin prices fell below $90,000, marking a significant expansion of the country’s national reserves. The move comes despite ongoing tensions with the International Monetary Fund over the country’s Bitcoin accumulation strategy.
about El Salvador Buys $100M Bitcoin Dip, Defying IMFHarvard Economist Admits Bitcoin Prediction Error
Harvard economist Kenneth Rogoff, who predicted in 2018 that Bitcoin was more likely to crash to $100 than rally to $100,000, has admitted his prediction error. Rogoff identified three main reasons for his miscalculation: he was overly optimistic about sensible crypto regulation from US authorities, underestimated Bitcoin’s role in the global underground economy, and didn’t anticipate regulators holding crypto without consequence. Contrary to his expectation that regulation would suppress Bitcoin’s price, regulatory clarity including the GENIUS Act has actually boosted demand. Bitcoin has since reached $100,000 and continues trading near all-time highs, with even Harvard University investing $117 million in BlackRock’s BTC ETF.
about Harvard Economist Admits Bitcoin Prediction ErrorMicroStrategy & El Salvador Reap Huge Bitcoin Gains
MicroStrategy’s Bitcoin holdings have reached a record $77.2 billion, marking a 40-fold increase from its initial $2.1 billion investment in 2020. The firm now holds 628,946 BTC, translating to over $30 billion in paper profits. Meanwhile, El Salvador has seen its BTC investment grow to $768.85 million from $300.5 million, yielding a 155.82% return. Both entities have faced skepticism but are doubling down on Bitcoin-centric initiatives, with MicroStrategy launching BTC-backed financial products and El Salvador planning a Bitcoin bank. However, the IMF continues to criticize El Salvador’s Bitcoin adoption.
about MicroStrategy & El Salvador Reap Huge Bitcoin GainsEl Salvador Halts Bitcoin Purchases Under IMF Deal
El Salvador has not acquired additional Bitcoin since December 2024, as confirmed by an IMF report. The government agreed to scale back public sector crypto activities, including managing the state-run Chivo wallet, under a $1.4 billion IMF loan. Despite earlier claims of daily Bitcoin purchases, the IMF’s findings contradict this. The country, which made Bitcoin legal tender in 2021, amended its Bitcoin law in 2025, no longer mandating businesses to accept it. President Bukele remains publicly supportive of Bitcoin, though official data shows no new government purchases.
about El Salvador Halts Bitcoin Purchases Under IMF DealIMF Contradicts El Salvador’s Bitcoin Purchase Claims
The IMF’s latest report contradicts El Salvador’s Bitcoin Office, which claims the country buys one BTC daily. According to the IMF, no new Bitcoin has been purchased since the December 2024 loan agreement. The Chivo wallet’s accounting methods—where it doesn’t adjust reserves for client deposits or sell BTC—create minor discrepancies, making it seem like the public sector is accumulating Bitcoin. A letter from El Salvador’s central bank and finance minister confirms these details, raising questions about transparency in the country’s crypto strategy.
about IMF Contradicts El Salvador's Bitcoin Purchase ClaimsIMF: El Salvador Reorganizes Bitcoin, Not Buying More
A recent IMF report disputes El Salvador’s claims of ongoing Bitcoin purchases, stating that the country is merely consolidating existing holdings across government wallets. The IMF has urged El Salvador to maintain stable Bitcoin reserves amid its $1.4 billion funding program. The report also details the government’s steps to enhance transparency, including quarterly financial disclosures and plans to privatize the Chivo wallet by 2025. Additionally, the IMF is assisting in aligning El Salvador’s crypto regulations with international standards, focusing on governance and anti-money laundering compliance. Despite the IMF’s stance, El Salvador remains a top sovereign Bitcoin holder with over 6,200 BTC ($738M+).
about IMF: El Salvador Reorganizes Bitcoin, Not Buying MoreEl Salvador & Pakistan Discuss Bitcoin Collaboration
Bilal Bin Saqib, CEO of the Pakistan Crypto Council and special assistant to Pakistan’s prime minister on crypto, met with El Salvador’s President Nayib Bukele to explore Bitcoin adoption and knowledge-sharing. Saqib praised Bukele’s commitment to Bitcoin, even as the IMF raises concerns over El Salvador’s crypto policies. El Salvador continues to accumulate Bitcoin, now holding over 6,240 BTC worth approximately $740 million, reinforcing its position as a pioneer in national crypto adoption.
about El Salvador & Pakistan Discuss Bitcoin CollaborationRipple’s XRP Escrow Debate Reignites After SEC Ruling
Judge Analisa Torres’ denial of the SEC and Ripple’s joint motion has reignited discussions about the ownership of XRP held in escrow. Crypto experts, including Brad Kimes and Edo Farina, argue that no laws prevent Ripple from selling its escrowed XRP, while speculation grows about potential US government acquisition for a national cryptocurrency reserve. Farina claims entities like the BIS, US Treasury, and IMF may already hold a portion of the escrowed XRP, though transparency around ownership remains unclear. Meanwhile, XRP’s price shows bullish momentum, trading at $2.188 with long-term predictions reaching $17, contingent on breaking its all-time high of $3.4.
about Ripple's XRP Escrow Debate Reignites After SEC RulingPakistan Enlists Saylor & CZ for Bitcoin Reserve Plan
Pakistan is assembling a crypto ‘super team’ to advance its Strategic Bitcoin Reserve (SBR), with Michael Saylor and Binance founder Changpeng Zhao (CZ) now advising the government. Saylor’s involvement, following meetings with Pakistan’s finance and blockchain ministers, aligns with his advocacy for sovereign Bitcoin reserves. The Pakistan Crypto Council (PCC), led by Minister Bilal Bin Saqib, proposes using 2 GW of surplus energy for Bitcoin mining, though the IMF warns of grid strain. The SBR aims to leverage Bitcoin for ‘digital non-alignment,’ reducing reliance on the U.S. dollar, even as general crypto trading remains illegal under current regulations. The initiative could reshape South Asia’s crypto landscape but risks friction with major creditors like China. With Saylor and CZ onboard, Pakistan is betting big on Bitcoin as a hedge for its fragile economy.
about Pakistan Enlists Saylor & CZ for Bitcoin Reserve Plan