El Salvador commemorates the fourth anniversary of its Bitcoin legal tender law enacted in September 2021. Despite being the first country to adopt Bitcoin as legal tender, the nation has since reduced its involvement with Bitcoin, particularly following a $1.4 billion loan agreement with the International Monetary Fund (IMF). The Bitcoin Office reported a strategic reserve of 6,313 BTC, valued at over $702 million, and noted that 80,000 public servants have received Bitcoin certifications by 2025. However, an IMF report indicated that El Salvador agreed to halt further Bitcoin purchases using public funds and reform its Chivo Bitcoin wallet due to its limited adoption among the public. Critics emphasize the necessity for increased educational initiatives to enhance Bitcoin adoption beyond government use. Overall, the Bitcoin experiment has produced mixed results, raising questions about its long-term viability and effectiveness in fostering national adoption.

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