The country’s Bitcoin stash is now worth more than $760 million after the price of BTC jumped above $122,000 over the weekend.
Back in 2021, El Salvador made headlines by becoming the first country to adopt Bitcoin as legal tender, a move that faced heavy criticism from global leaders and financial experts. Even though the policy was dropped in early 2025, the government kept buying Bitcoin. Now, with over 6,200 BTC in its reserves, El Salvador holds one of the largest crypto stashes of any country.
Many critics had blamed El Salvador’s Bitcoin experiment for worsening the country’s debt problems. Even the International Monetary Fund (IMF) warned the government to scale back its crypto plans.
But despite all the warnings, President Nayib Bukele’s government kept buying Bitcoin as part of its national reserves. What was once seen as a risky and reckless move now looks like a smart long-term bet. Today, El Salvador’s Bitcoin holdings are worth more than $762 million, turning the country’s crypto strategy into a surprising success.
Success That Could Inspire Other Nations
Pravanv Agarwal, an independent director at Jetking Infotrain India, is among those recognizing El Salvador’s big win with Bitcoin. He believes more countries should look at Bitcoin as a long-term investment strategy.
“The gains El Salvador has made show how Bitcoin can grow in value over a four-to-five-year period,” Pravanv Agarwal said.
He also noted that strong political support, especially from President Nayib Bukele and elected officials, played a key role in making this strategy work. Agarwal believes that countries that were once cautious about using Bitcoin as part of their national reserves might now be encouraged to follow El Salvador’s lead.