{"id":46359,"date":"2026-06-09T15:32:18","date_gmt":"2026-06-09T15:32:18","guid":{"rendered":"https:\/\/cryptd.in\/five-years-on-el-salvador-is-still-buying-bitcoin\/"},"modified":"2026-06-09T15:32:18","modified_gmt":"2026-06-09T15:32:18","slug":"five-years-on-el-salvador-is-still-buying-bitcoin","status":"publish","type":"post","link":"https:\/\/cryptd.in\/nl\/five-years-on-el-salvador-is-still-buying-bitcoin\/","title":{"rendered":"Five Years On, El Salvador Is Still Buying Bitcoin"},"content":{"rendered":"

Bitcoin Magazine<\/a>
\n
\nFive Years On, El Salvador Is Still Buying Bitcoin<\/a><\/p>\n

<\/div>\n

Five years ago yesterday, El Salvador\u2019s Congress voted 62-to-22 to pass the world\u2019s first Bitcoin Law, making the small Central American nation the first country on earth to grant bitcoin legal tender status.\u00a0<\/p>\n

The date was June 8, 2021. Half a decade later, the government holds<\/a> 7,677 BTC worth approximately $480 million \u2014 and it is still accumulating.<\/p>\n

The country has run a dollar-cost averaging strategy since President Nayib Bukele announced<\/a> a policy of purchasing one bitcoin per day in November 2022. In the 12 months since June 2025, El Salvador added more than 1,600 BTC to its stack, including<\/a> a tactical purchase of over 1,000 BTC in a single week during a November market dip.\u00a0<\/p>\n

At the start of 2026, the Bitcoin Office declared the country was going \u201call in\u201d on both bitcoin and artificial intelligence.<\/p>\n

That conviction survived a major policy reversal. In January 2025, Bukele\u2019s administration stripped<\/a> bitcoin of its mandatory legal tender status as a condition of a $1.4 billion IMF loan package. Businesses are no longer legally required to accept it, and the government-issued Chivo wallet \u2014 the centerpiece of Bukele\u2019s original pitch \u2014 is being phased out.\u00a0<\/p>\n

But the government has not sold a single coin from its treasury and BTC is still able to be used as a currency for those who wish to use it.<\/p>\n

\n
\n
\n

5 years ago, El Salvador passed the first ‘Bitcoin Law’ that regulated BTC as legal tender \"\ud83c\uddf8\ud83c\uddfb\"<\/p>\n

Today, they now own 7,677 BTC worth $480 million. pic.twitter.com\/RA7HUmwLvO<\/a><\/p>\n

\u2014 Bitcoin Magazine (@BitcoinMagazine) June 9, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n

El Salvador: No taxes on bitcoin<\/h2>\n

El Salvador offers no capital gains tax on bitcoin or cryptocurrency transactions, a policy the government doubled down on in early 2026 to court foreign investors. The country is also developing plans for a \u201cVolcano Bond\u201d backed<\/a> by bitcoin and a proposed Bitcoin City powered by geothermal energy.<\/p>\n

The remittance case that Bukele used to sell the law to the public has yet to materialize at scale. El Salvador is one of the most remittance-dependent economies in the world \u2014 personal transfers from abroad equal roughly<\/a> 24 percent of GDP, with Q1 2026 totaling $2.43 billion. Crypto accounted for just $17.38 million of that figure, or 0.71 percent of the total.<\/p>\n

This post Five Years On, El Salvador Is Still Buying Bitcoin<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Micah Zimmerman<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine Five Years On, El Salvador Is Still Buying Bitcoin Five years ago yesterday, El Salvador\u2019s Congress voted 62-to-22 to pass the world\u2019s first Bitcoin Law, making the small Central American nation the first country on earth to grant bitcoin legal tender status.\u00a0 The date was June 8, 2021. Half a decade later, the […]<\/p>\n","protected":false},"author":1,"featured_media":46361,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-46359","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"\nFive Years On, El Salvador Is Still Buying Bitcoin - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/nl\/five-years-on-el-salvador-is-still-buying-bitcoin\/\" \/>\n<meta property=\"og:locale\" content=\"nl_NL\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Five Years On, El Salvador Is Still Buying Bitcoin - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"Bitcoin Magazine Five Years On, El Salvador Is Still Buying Bitcoin Five years ago yesterday, El Salvador\u2019s Congress voted 62-to-22 to pass the world\u2019s first Bitcoin Law, making the small Central American nation the first country on earth to grant bitcoin legal tender status.\u00a0 The date was June 8, 2021. 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