As per Finbold, El Salvador's adoption of Bitcoin as legal tender has faced challenges in 2025, with the country's cryptocurrency holdings experiencing a significant loss. On January 1, 2025, El Salvador held 6,000 BTC valued at $555.83 million, but by April 15, the value had dropped to $515.85 million despite an increase in holdings to 6,158 BTC. This decline is attributed to Bitcoin's price falling to $83,930 per coin, resulting in a $39.98 million loss. Despite these setbacks, El Salvador's overall Bitcoin position remains positive, with a $113.7 million gain over the past year. The move to adopt Bitcoin was initially aimed at boosting financial inclusion and attracting investment, but has faced criticism from the International Monetary Fund and skepticism from the public. Additionally, only 20 of the 181 Bitcoin service providers registered with El Salvador's central bank are operational.
El Salvador Faces $40M Loss in Bitcoin Holdings Amid 2025 Volatility
KuCoin NewsShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.