Saylor and Bukele Discuss How El Salvador Can Accelerate Global Bitcoin Adoption

Michael Saylor, executive chairman of Microstrategy (Nasdaq: MSTR), met with El Salvador’s President Nayib Bukele on Feb. 13 to discuss global bitcoin adoption.

Saylor shared some information about the meeting on social media platform X the following day, stating:

Yesterday, President Bukele and I had a great discussion about the opportunities for El Salvador to benefit from and accelerate global bitcoin adoption.

The National Bitcoin Office of El Salvador also acknowledged the meeting, posting on X: “President Bukele met with Michael Saylor this afternoon at Casa Presidencial. Bitcoin was discussed.”

This meeting came shortly after El Salvador amended its Bitcoin Law to comply with a $1.4 billion loan agreement with the International Monetary Fund (IMF). The legislative changes, passed by the country’s Congress, make bitcoin acceptance voluntary for businesses and prohibit its use for tax payments, scaling back its role in the economy. These reforms align with IMF requirements aimed at reducing bitcoin-related risks. Despite these adjustments, the government continues to buy bitcoin for its strategic reserves. Samson Mow, CEO of JAN3, recently explained the amendments to El Salvador’s Bitcoin Law, stating: “It’s complicated, but the short answer is: Bitcoin both is and isn’t legal tender,” he said.

Microstrategy, which recently rebranded to Strategy, has aggressively accumulated bitcoin as part of its treasury strategy under Saylor’s leadership. As of Feb. 10, the company holds approximately 478,740 bitcoins. Saylor has been a vocal proponent of BTC, frequently arguing that it is a superior store of value compared to traditional assets like gold or fiat currencies. His meeting with Bukele suggests a continued interest in advancing bitcoin-friendly policies at the national level, even as El Salvador adjusts its approach to cryptocurrency integration.

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