Global Bitcoin Education: My First Bitcoin Leaves El Salvador
My First Bitcoin, founded by John Dennehy in 2021, has ended its partnership with El Salvador’s Education Ministry and closed its local office. After teaching over 27,000 Salvadoran students and accumulating 6,374 BTC (~$655 million), the nonprofit will adopt a fully remote model to expand Bitcoin education globally. It plans to open-source course materials and training tools for educators and community projects, aiming to scale its audience from local millions to billions worldwide. The shift follows El Salvador’s December 2024 IMF agreement, which paused further BTC accumulation and made acceptance voluntary, underscoring evolving crypto policy. This move marks a maturing phase in Bitcoin education.
Neutral
This news is categorized as neutral because it does not directly affect Bitcoin’s supply or demand. My First Bitcoin is ending its local accumulation and shifting to education, but it will not buy or sell BTC as part of this transition. In the short term, market liquidity and pricing remain unchanged. In the long term, broader Bitcoin education could support adoption, but these effects unfold slowly and depend on multiple factors. Overall, this strategic refocus signals maturity in Bitcoin education without immediate impact on market stability or price.