Best crypto insights delivered straight to your inbox.
Presidents will be talking about how to adopt crypto soon – Trump to have a call with El Salvador’s Nayib Bukele
- Trump to discuss crypto adoption with El Salvador’s Bukele, signaling rising global interest in Bitcoin and blockchain technology.
- Bukele predicts 2025 will be pivotal for Bitcoin, citing Trump’s leadership and a potential US strategic Bitcoin reserve.
- El Salvador boosts Bitcoin reserves despite IMF deal, reaffirming its commitment to cryptocurrency as BTC surpasses $100,000.
According to sources closer to the White House, President Trump is scheduled to hold a call with El Salvador’s pro-Bitcoin President Nayib Bukele. Sources say that he will be speaking to POTUS Trump today at around 8:30 PM GMT.
The two presidents last spoke back on November 7. This was about a day after Trump was announced as the winner in the US Presidential race against former Vice President Kamala Harris.
In a recent post on X, former Binance CEO Changpeng Zhao reacted to the news, saying that country leaders will all be holding talks about crypto adoption “soon, if not already.”
President Nayib Bukele, an ardent advocate for Bitcoin, declared last week that 2025 will be a transformative year for the crypto coin.
https://twitter.com/roundtripgod/status/1882474932539642260
Speaking at a press conference at the Presidential House, Bukele attributed Bitcoin’s recent price uptrend to Donald Trump’s return to the Oval Office.
“I personally believe Bitcoin will grow this year and the others, but especially this year due to Trump…it will be a very important year for Bitcoin and for the entire ecosystem,” Bukele stated.
Bitcoin adoption lingers around the US government
President Bukele believes that Trump’s US leadership would lead to an “exponential” revaluation of Bitcoin. This, coupled with the potential creation of a strategic Bitcoin reserve, would foster a more favorable environment for the crypto worldwide.
El Salvador stands poised to benefit from what Bukele described as a potential “Bitcoin boom.” He assured that his administration remains “expectant” and ready to capitalize on the anticipated rise in Bitcoin’s value.
During his first presidential term, Trump dismissed cryptocurrencies as scams. But he changed his stance on digital currencies last year. To that end, he promised to position the US as a future hub for Bitcoin and blockchain technology.
In December, Trump claimed credit for Bitcoin surpassing the $100,000 mark. The 47th US President is expected to sign an executive order today at 7:30 PM GMT. However, details of what the order will be remain unknown.
El Salvador adds to BTC reserves despite IMF’s deal
El Salvador has continued to increase its Bitcoin reserves. It was the first country to adopt Bitcoin as legal tender in September 2021. On January 19, the National Bitcoin Office announced via X the purchase of 11 Bitcoins for its Strategic Bitcoin Reserve, valued at over $1 million.
El Salvador adds another 11 BTC to our Strategic Bitcoin Reserve!
— The Bitcoin Office (@bitcoinofficesv) January 20, 2025
The South American country now owns 6,044 Bitcoin, worth approximately $620M at current values.
The Salvadoran government’s proactive Bitcoin strategy continues despite its recent agreement with the International Monetary Fund (IMF).
Last month, El Salvador signed a $1.4 billion financing deal with the IMF, which required adjustments to its BTC policies.
The agreement stipulated that Bitcoin’s use would be optional for private businesses. The IMF called for reduced government involvement in the Chivo wallet initiative.
However, Stacy Herbert, Director of the National Bitcoin Office, clarified that the nation’s Bitcoin strategy remains unchanged.
The smartest crypto minds already read our newsletter. Want in? Join them.
Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
Florence Muchai
Florence has been covering for the past 6 years crypto, gaming, tech, and AI news. Her Computer Studies at Meru University of Science and Technology and Disaster Management and International Diplomacy at MMUST amply equip her with language, observation and technical skills. Florence has worked at VAP Group and as an editor for several crypto media houses.
CRASH COURSE
- Which cryptocurrencies can make you money
- How to boost your security with a wallet (and which ones are actually worth using)
- Little-known investment strategies that the pros use
- How to get started investing in crypto (which exchanges to use, the best crypto to buy etc)