El Salvador don stop to buy Bitcoin from December 2024 under IMF deal
El Salvador don stop dey buy Bitcoin since December 2024, na according to July 2025 IMF Article IV Consultation report. Under $1.4 billion IMF Extended Fund Facility, government agree make dem limit public sector crypto work and make fiscal stability their priority. On-chain data show sey no new BTC acquisition; recent wallet movements be just internal transfers, no fresh buys. For January 2025, Bitcoin lose im legal tender status for El Salvador. State-backed Chivo Wallet go privatize before end of July. Authorities plan also to dissolve Fidebitcoin trust and make state-owned enterprises transparent pass before. This change for El Salvador Bitcoin policy fit reduce BTC demand and affect market sentiment small small. Traders suppose adjust dia models make e fit reflect correct on-chain data and expect lower fiscal risk from public Bitcoin purchases.
Bearish
El Salvador stop to dey buy Bitcoin mean say dem institutional level wahala dey under IMF deal. For short term, public sector no go dey buy BTC well well plus if e no be legal money again, e fit make market feeling weak plus trade volume go fall. Privatization of Chivo Wallet plus Fidebitcoin trust wey dem dissolve dey reduce wahala wey government demand dey cause, but e also show say dem no go dey do serious crypto experiment like before. For long term, as dem don sharp regulations plus less money wahala, market fit steady well well. But if no fresh demand from any government on-chain buyer, Bitcoin price fit drop, so near term kin be bad for BTC traders.