You Won’t Believe What the IMF Just Exposed About El Salvador’s Bitcoin Claims! 😱💰

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IMF Confirms—El Salvador’s Bitcoin ‘Purchases’ Are More Fiction Than Fact!

So, get this: El Salvador, bless their little hearts, has been telling us all year that they were buying one shiny Bitcoin a day. Spoiler alert: the IMF just dropped a report that says, “Uh, actually, no.” 🍑

IMF Calls Out El Salvador on Their Bitcoin Shenanigans

In a report published on July 15, the IMF made it clear: El Salvador hasn’t bought a single Bitcoin since they got that $1.4 billion Extended Fund Facility (EFF) approved back in December 2024. Surprise, surprise! 🎉

“The overall stock of Bitcoin held by the public sector has remained unchanged since program approval,” the IMF stated. Sounds like someone needs to check their math! 📉

But wait—governor Nayib Bukele and the National Bitcoin Office kept tweeting like they were rolling in bitcoins. One a day! They made it sound all legit, like a duck in a tuxedo. 🦆🎩

Public wallets apparently got a boost, and their social media team was on fire with their “We’re buying, we promise!” tweets—but the IMF pulled the rug, revealing they’ve just been playing “who’s got the bigger wallet” between government-owned accounts. 🙄

“Turns out the IMF did in fact make El Salvador stop Bitcoin purchases in order to get a fiat loan,” tweeted Magoo PhD, probably with a mischievous grin. “They’ve just been consolidating wallets!”

In March, Bukele announced, “Trust me, the Bitcoin buying program is still on! And it’s going to remain that way!” Sure, Jan. 😏 By then, the Bitcoin Office was claiming they held over 6,102 BTC—classic over-exaggeration for the press. But lo and behold, the IMF was all like, “Umm, plot twist!”

What’s the Real Deal?

So, according to the almighty Fund, those wallet balance boosts? Just simple moves between different government wallets—no new purchases! It’s like sliding some cash from your left pocket to your right and calling it income. 💸🤷‍♀️

They say the government’s Chivo e-wallet had “minor fluctuations” too—whatever that means. Those were just internal corrections! So essentially, no taxpayer cash has gone into buying any more Bitcoin in 2025. Thanks, but no thanks. 🙅‍♀️

Now, this little deception raises a few eyebrows about El Salvador’s transparency. They made a big splash on the world stage in 2021 when they made Bitcoin legal tender, but by January 2025, it was more like a cautious retreat under international lender pressure. Just a tad embarrassing, really. 😬

They totally un-adopted Bitcoin as legal currency, which is like deciding you don’t want your new pet after the first few vet bills. Ouch!

El Salvador’s now saying they’re keeping their financial promises—fingers crossed! 🙏

Chivo Gets a Reality Check

The IMF’s report also had some scathing criticism about “irregularities” in the Chivo system. El Salvador is apparently ending public-sector involvement by July 2025—because who needs that kind of hassle anyway? 🥳

Bitcoin Versus The IMF

The wildest night at the IMF? They’re both obsessed with Bitcoin and totally against it at the same time. It’s like a soap opera! Bitcoin gets mentioned 319 times in two reports—either the IMF loves it, or they’re just really, really tired of talking about it. 😂

This whole situation is in line with a push for clarity and control—because nothing screams “trust us” like a secretive financial report! ⚡️

Plus, the government is vowing to publish financial info for state-owned enterprises and unwind their public Bitcoin trust, Fidebitcoin. Sounds fun, right? 📉

As the end-of-July deadline for privatizing Chivo approaches, the Bitcoin community will be watching to see if El Salvador actually delivers— or if they throw a little more glitter on their tale and keep spinning narratives at odds with reality. 🍿👀

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2025-07-19 00:06