Bitcoin News Today: El Salvador hits 944-day Bitcoin buying streak in national strategy experiment

El Salvador has extended its consecutive Bitcoin purchasing streak to 944 days, continuing its bold experiment of integrating the cryptocurrency into national economic strategy. Under the leadership of President Nayib Bukele, the Central American nation has acquired Bitcoin daily since the program’s launch, solidifying its status as the first country in the world to adopt Bitcoin as legal tender alongside the U.S. dollar [1]. This ongoing acquisition reflects a long-term vision that prioritizes gradual accumulation over volatile market exposure, aiming to build a meaningful Bitcoin reserve while demonstrating the currency’s potential in public finance.

The National Bitcoin Office, a key driver of the initiative, has maintained consistent buying activity despite international skepticism and internal debate. The program’s daily purchases have been framed as a strategic move to hedge against short-term price fluctuations and to signal confidence in digital assets as a tool for financial sovereignty. The government’s commitment to Bitcoin has also been reinforced by the development of supporting infrastructure, including the Chivo wallet, a state-backed platform designed to facilitate and incentivize Bitcoin transactions among citizens and businesses.

The strategy has drawn both praise and criticism. While supporters highlight the potential for increased financial inclusion and the attraction of technology-driven investment, critics question the practicality and sustainability of holding a volatile asset as part of a small nation’s economic strategy. The International Monetary Fund (IMF) has also raised concerns, particularly regarding conditional loan agreements that have necessitated technical adjustments to the program’s operational structure [1]. Despite these challenges, the government continues to defend its approach, arguing that the long-term benefits outweigh the risks.

The 944-day streak underscores El Salvador’s willingness to experiment with unconventional economic models, even in the face of uncertainty. It has also sparked broader global discussions about the role of cryptocurrencies in public policy, with observers closely watching whether the strategy will yield measurable economic gains or serve as a cautionary example. Bukele, a vocal advocate for the initiative, has emphasized that the government remains committed to its vision, regardless of short-term market conditions.

As the world watches the unfolding experiment, El Salvador’s continued Bitcoin purchases represent more than just a financial decision—they symbolize a broader ideological shift toward digital currency as a tool for national identity and economic independence.

[1] Source: [1] El Salvador’s 944-Day Bitcoin Buying Streak (https://www.gatewayclassiccars.com/new-arrivals)