El Salvador hints at launching “Bitcoin Bank”, presidential adviser: BTC is unstoppable
The El Salvador Bitcoin Office hinted that El Salvador will launch its first Bitcoin bank.
(Preliminary summary: The Economist: Why is El Salvador, which embraces Bitcoin, getting poorer and poorer?)
(Background supplement: IMF slap: El Salvador has not bought any Bitcoin since February this year, but Bugele said it has?)
The official X account of the El Salvador Bitcoin Office issued an article today (8), suggesting that El Salvador will launch its first Bitcoin bank! In this tweet, the El Salvador Bitcoin Office posted two pictures, one of which shows a bank with a "Bitcoin Bank" sign; and the other picture is accompanied by text that reads:
Bitcoin Bank is entering the Bitcoin country.
🇸🇻🚀 pic.twitter.com/DEGUKMmhfd
— The Bitcoin Office (@bitcoinofficesv) August 8, 2025
Bitcoin is unstoppable
Although El Salvador has not yet disclosed the specific details of its Bitcoin bank, outsiders speculate that the country’s Bitcoin bank may provide deposits, loans and remittance services entirely denominated in Bitcoin, and may even be directly connected to El Salvador’s national BTC reserve.
In this context, Max Keizer, senior advisor to El Salvador President Nayib Bukele, said bluntly in an interview:
“Bitcoin continues to advance with an unstoppable trend in El Salvador. Bitcoin is devouring 400 people worldwide. Trillions of dollars in stored value, while rendering all central banks and their doomed, outdated institutional helpers powerless. ”
Financial inclusion and the magnet for foreign capital
The lack of bank penetration has been a pain point in El Salvador’s economic development. The use of Bitcoin accounts allows people who cannot open traditional bank accounts to directly enjoy online financial services. For families who need to make cross-border remittances for a long time, the advantages of low cost and fast speed of cross-border transfers of Bitcoin will also be a weapon to improve people's livelihood.
As the global trend of embracing cryptocurrency and blockchain has taken shape, the deep integration of Bitcoin is also expected to bring an additional boost to El Salvador's GDP. It may also form a "capital magnetic field" to attract more investment and technical talents into the country.
El Salvador regards Bitcoin as a solution to inclusive finance and has also pushed itself to the forefront of global financial change. Its success or failure depends on three keys: whether the price of Bitcoin can maintain a long-term upward trend, whether the government can make up for the regulatory puzzle in a timely manner, and the tolerance of "encryption experiments" by multilateral institutions such as the IMF.
