El Salvador buys 12 BTC after the Plan B event: the Bitcoin strategy continues   

El Salvador continues its policy of accumulating Bitcoin, adding 12 BTC to its reserves, which now amount to 6,068 BTC. This new purchase occurred right after the conclusion of the Plan B event, an initiative aimed at promoting the adoption of Bitcoin in the country. The investment reflects the government’s ongoing confidence in the digital asset, despite market volatility.  

El Salvador: the purchase of Bitcoin after the Plan B event  

The Plan B event has attracted the attention of the crypto community to El Salvador, confirming the country’s central role in the institutional adoption of Bitcoin. Immediately after the event’s conclusion, the government announced the purchase of 12 BTC in a single day, a signal of continuity in the accumulation strategy.

The president Nayib Bukele, known for his pro-Bitcoin approach, has repeatedly emphasized the importance of purchasing BTC at regular intervals, regardless of price fluctuations. This method, similar to the Dollar Cost Averaging (DCA) strategy, aims to reduce the impact of volatility and build a solid reserve over time.  

The Bitcoin reserves of El Salvador: a long-term strategy  

With the latest purchase, the total reserves of El Salvador have reached 6,068 BTC. The government has adopted a policy of constant accumulation, purchasing Bitcoin daily since November 2022. This approach highlights a long-term vision, in which Bitcoin is considered not only as a speculative asset but also as a strategic store of value.

The continuous accumulation of BTC could have significant implications for the country’s economy, especially if the asset’s price were to increase over time. However, the volatility of the crypto market remains a risk factor, and the effectiveness of this strategy will only be assessable in the long term.  

Bitcoin and the Salvadoran economy: opportunities and challenges  

The adoption of Bitcoin as valuta legale has placed El Salvador under the global spotlight, attracting both supporters and critics. On one hand, the government aims to diversify the economy, attract foreign investments, and promote financial inclusion. On the other hand, the use of Bitcoin on a national scale presents challenges related to volatility and acceptance by the population.

The recent purchase of BTC fits into a context where the country continues to develop infrastructure to support the crypto ecosystem, such as the Chivo wallet and initiatives for geothermal energy-powered Bitcoin mining. These elements demonstrate a strategy aimed at integrating Bitcoin into various sectors of the economy.  

The future prospects: continuous accumulation and economic impact  

If the government maintains the daily Bitcoin purchasing policy, El Salvador’s reserves will continue to grow. The value of this strategy will largely depend on the market trend and the country’s ability to manage the risks related to volatility.  

The Plan B event has strengthened the image of El Salvador as a hub for the adoption of Bitcoin. The recent purchase of 12 BTC confirms the government’s commitment in this direction, leaving open questions about how this strategy will influence the national economy in the long term.