{"id":7579,"date":"2026-06-09T17:18:12","date_gmt":"2026-06-09T17:18:12","guid":{"rendered":"https:\/\/digkrypton.com\/index.php\/2026\/06\/09\/five-years-on-el-salvador-is-still-buying-bitcoin\/"},"modified":"2026-06-09T17:18:12","modified_gmt":"2026-06-09T17:18:12","slug":"five-years-on-el-salvador-is-still-buying-bitcoin","status":"publish","type":"post","link":"https:\/\/digkrypton.com\/index.php\/2026\/06\/09\/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><\/p>\n

Five 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

5 years ago, El Salvador passed the first ‘Bitcoin Law’ that regulated BTC as legal tender <\/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>\n<\/p><\/div>\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":0,"featured_media":7580,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-7579","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin"],"acf":[],"_links":{"self":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/7579","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/comments?post=7579"}],"version-history":[{"count":0,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/7579\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media\/7580"}],"wp:attachment":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media?parent=7579"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/categories?post=7579"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/tags?post=7579"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}