I could not say that this represent the salvadoran people, they are clueless of what is going on in the gov office.

Source thread

🚨🚨🚨On-chain data suggests El Salvador may be recycling existing Bitcoin, not buying fresh daily.

On 03 Sept, the address 3KhF5JyMkTtViu2jnp5rffedQbVjydRYKC withdrew 63 BTC from Binance, the exchange typically associated with El Salvador’s acquisitions.

Subsequent activity (through change addresses): 03 Sept: Sent 1 BTC directly to El Salvador. 04 Sept: Sent 1 BTC to Binance → 2.5 hours later, El Salvador received 1 BTC. 05 Sept: Sent 1 BTC to Binance → 1 hour later, El Salvador received 1 BTC. 06 Sept: Sent 1 BTC to Binance → 7 hours later, El Salvador received 1 BTC. 07 Sept: Sent 21 BTC directly to El Salvador. 08 Sept: Sent 1 BTC directly to El Salvador.

The change address still holds 37 BTC, with no ties to known exchanges, likely from mining or government sources, though outside sellers remain possible.

Earlier reports show the IMF explicitly stating that the government is not buying, yet El Salvador claims it is.

This raises a key question: is the country merely shuffling Bitcoin across wallets, sending 1 BTC per day to its Strategic Reserve Wallet?

An official clarification is needed.