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Nayib Bukele sticks to ‘Bitcoin piggy bank’ strategy, but is it working?

El Salvador maintains 15% of its reserves in Bitcoin as President Nayib Bukele continues his commitment to a Bitcoin-centric strategy, despite recent IMF conditions that change mandatory acceptance to voluntary.

Local adoption of Bitcoin remains low at 7.5%, with many Salvadorans expressing skepticism about its everyday use. Bukele, however, enjoys high popularity due to perceived safety and economic benefits related to Bitcoin investments.

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