{"id":37806,"date":"2025-07-19T20:31:40","date_gmt":"2025-07-19T20:31:40","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=37806"},"modified":"2025-07-19T20:31:40","modified_gmt":"2025-07-19T20:31:40","slug":"imf-bombshell-el-salvador-didnt-buy-bitcoin-in-2025-after-all","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=37806","title":{"rendered":"IMF Bombshell: El Salvador Didn\u2019t Buy Bitcoin In 2025 After All"},"content":{"rendered":"
\n

A new report has shaken up El\u202fSalvador\u2019s bold Bitcoin story. All year long, President Nayib Bukele and the National Bitcoin Office promised they were buying one BTC every day.<\/p>\n

Public trackers even showed holdings climbing past 6,102 BTC. Yet the IMF\u2019s July\u202f15 Article\u202fIV consultation says there were no new purchases since the $1.4 billion Extended Fund Facility was approved in December\u202f2024.<\/p>\n

Internal Wallet Moves Created Illusion Of Buying<\/h2>\n

According to the IMF report,<\/a> the rise in public\u2011sector Bitcoin didn\u2019t come from fresh spending. Instead, government\u2011owned wallets moved coins around.<\/p>\n

Those transfers made balances pop up on public dashboards. But those were just internal shifts. They didn\u2019t draw on taxpayer money or involve the market. Small ups and downs in the Chivo e\u2011wallet also came from internal corrections, not new deposits.<\/p>\n

\n

Turns out the IMF did in fact make El Salvador stop Bitcoin purchases in order to get a fiat loan.<\/p>\n

Footnote #9 states they have just been making it appear as if they have been continuing to buy but in fact have just been consolidating multi government wallets.<\/p>\n

Source :\u2026 pic.twitter.com\/46AFU1oi08<\/a><\/p>\n

\u2014 Magoo PhD (@HodlMagoo) July 17, 2025<\/a><\/p>\n<\/blockquote>\n

\"\"<\/p>\n

Pressure On Bitcoin Legal Tender Reversal<\/h2>\n

Back in 2021, El\u202fSalvador grabbed headlines by making Bitcoin legal tender. That move set off cheers and warnings around the world. Reports show the country flipped that decision in January\u202f2025 under pressure from international lenders.<\/p>\n

They stripped Bitcoin<\/a> of its legal\u2011tender status and agreed to stop using public funds for more coins. The IMF now confirms those promises held true.<\/p>\n


\nDeadline Looms For Chivo E\u2011Wallet Exit<\/p>\n

Based on reports, the government must end public\u2011sector involvement in the Chivo system by July\u202f31,\u202f2025. That date is just around the corner. El\u202fSalvador has also promised to unwind Fidebitcoin, the public Bitcoin trust it set up. Both steps aim to boost fiscal transparency and keep the Extended Fund Facility on track.<\/p>\n

\"\"<\/p>\n

Analysts Eye Trust And Transparency Questions<\/p>\n

Some experts say the big takeaway is about trust. Shuffling coins between wallets while claiming new buys can hurt the government\u2019s credibility. Citizens and investors could start to wonder what else might be spun into a story.<\/p>\n

\"\"<\/p>\n

Even if no fresh money changed hands, the mismatch between claims and reality has put a spotlight on how data gets shared.<\/p>\n

The IMF gave credit for meeting its program targets. Yet the coming weeks will show if the government follows through on all its commitments.<\/p>\n

Clearing out Chivo and dissolving Fidebitcoin are major moves. If El\u202fSalvador sticks to the plan, it could reset its narrative. If not, skeptics will find new reasons to doubt every future Bitcoin announcement.<\/p>\n

Featured image from Unsplash, chart from TradingView<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

A new report has shaken up El\u202fSalvador\u2019s bold Bitcoin story. All year long, President Nayib Bukele and the National Bitcoin Office promised they were buying one BTC every day. Public trackers even showed holdings climbing past 6,102 BTC. Yet the IMF\u2019s July\u202f15 Article\u202fIV consultation says there were no new purchases since the $1.4 billion Extended […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-37806","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/37806","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=37806"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/37806\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=37806"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=37806"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=37806"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}