El Salvador Bitcoin anniversary: Reserve Hits New Milestone Today

El Salvador Bitcoin anniversary Celebrated with Fresh Buys

El Salvador marked the fourth anniversary of its decision to make the coin legal tender. The government called the day “Bitcoin Day” and held small events to remember the 2021 law. The country’s leader, President Nayib Bukele, said the day shows their long-term hope that it can help people send money and grow the economy. This moment is being watched around the world as a test of a nation using cryptocurrency alongside the US dollar.

Source: X

Government Adds 21 BTC to National Reserve on Anniversary

To mark the anniversary, the government announced it bought 21 more coins for the national strategic reserve. The move added about $2 million to the reserve at current prices and pushed the country’s total holdings to 6,313 BTC. The announcement was short and a tweet from the president said the purchase was “for Bitcoin Day.” Many news outlets reported the 21 BTC buy as a symbolic act tied to the anniversary.

Source : X

President Bukele’s Bitcoin Vision Continues

Bukele has pushed digital gold since 2021 as a tool to bring more people into the financial system and to attract new investment. He often posts updates about purchases and plans on social media. Supporters say the payments app and Bitcoin wallet helped some people get bank-style services quickly. Critics say the plan risks public money because its prices move up and down a lot. The debate over risks and benefits has continued through the four years.

Symbolism of the Number 21

Buying 21BTC was meant to send a clear public message. Because only 21 million coins will ever exist, many see the purchase as a sign that the government believes coin’s scarcity adds lasting value. Supporters say the small, symbolic buy shows the state still backs BTC as part of national reserves . Critics call it a publicity gesture that does little financially compared with the country’s larger holdings.

Mixed Results So Far

Four years after the law, results are mixed. The national Bitcoin program helped bring attention and some new business to El Salvador. But surveys and studies show many citizens still prefer using the US dollar for everyday purchases. The country also faced warnings from international groups about financial risk and transparency. In earlier talks with the IMF, El Salvador agreed to limits on public crypto purchases, a point that has caused questions about how and when buys happen.

Public Reception and Usage

People in El Salvador have different views. Some small business owners and remittance recipients say the Chivo wallet made sending money cheaper and faster. Others find the wallet or cryptocurrencies hard to use and still rely on cash. The government hopes more education and services will help people use it more often, but change is slow and uneven across towns and cities. Local opinion remains split even as the state keeps adding small amounts to its reserve.

Bitcoin Bonds and Future Plans & Global Significance

Looking ahead, the government talks about more projects linked to cryptocurrency, like city or bond ideas tied to the crypto. International observers say El Salvador’s experiment matters beyond its borders: it shows a real test of national crypto policy. Whether other countries copy or reject this model will depend on the next few years on how well the economy handles volatility and how citizens adapt. On this El Salvador Bitcoin anniversary, the country clearly signaled it is still in the experiment.