El Salvador Bets Bitcoin: One Day at a Time in a Slump

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The government of El Salvador kept talking back to the critics, hands folded on the table, as the market wore a gray, downturning hat. Vice-President Felix Ulloa spoke of Bitcoin as more than a passing fancy, a part of a reserve craft, a lantern for a future when the old paper money dries up and wanders away like smoke.

El Salvador Says Bitcoin Is Not a Stock but a Reserve Asset

The government has faced a chorus of critics-brazen, as if from a drought-worn crowd-for stubbornly keeping to a daily Bitcoin purchase as the market sagged like a tired mule.

Felix Ulloa, vice-president, defended the strategic reserve program and the “one Bitcoin a day” cadence that Bukele proposed. In his statements, he spoke of Bitcoin as a sturdy reserve for the country’s weather ahead, a stubborn seed planted for a future that money papers might not know how to water.

Asked why the nation keeps marching in that same irregular beat, Ulloa answered with a calm that sounds like a man counting coins in the rain:

“Bitcoin is not a stock; it doesn’t lounge on some stock exchange, its price doesn’t flutter like a bird, and it isn’t for chasing bets. We reckon Bitcoin as a strategic reserve for the state, plain and stubborn as a mule.”

Ulloa added that they didn’t plan to sell their BTC, and that losses or gains aren’t tallied on a ledger the way a gambler does. The treasury ain’t betting on fiat winnings or losses; the old dollars and euros are thinning, while more people cling to this new cryptocurrency like a lifeboat in a rising sea of digital money.

“If folks see it, and the world sees we’re done with ledgers and the old coins-dollar, pound, euro-and stepping into a freer kind of money that moves with wind and odds, then they’ll understand,” he said, with the patient tone of a man who has learned to listen to hard things.

Now El Salvador-the same country that let Bitcoin drift from being legal tender and tangled its public sector’s Bitcoin work in an IMF handshake-still keeps adding Bitcoin to its storm cellar. The National Bitcoin Office reports it holds 7,568.37 BTC, worth more than five hundred million dollars today, give or take a few coins rattling in the jar.

FAQ

  • What’s drawing the critics to this Bitcoin purchase routine?
    People call it stubborn-the government’s “one Bitcoin a day” ritual-while the market wheels down like a tired wagon.

  • How does Ulloa defend the reserve plan?
    He tells the tale of Bitcoin as a strategic state reserve, not a gamble, a notion that belongs to a brighter dawn than a market’s sudden storm.

  • Will El Salvador sell its Bitcoin?
    Ulloa says no: no plans to unload, and there’s no tally of losses or gains on the books-at least not in dollars and sense, since the world is drifting toward new money.

  • What’s new with the Bitcoin stash?
    Even after the IMF arrangement pushed Bitcoin out of legal tender, El Salvador keeps tacking more coins onto its reserve pile, now about 7,568.37 BTC, worth a bit over half a billion dollars.

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2026-02-21 07:57