El Salvador will host a historic Bitcoin conference, decentralizing over 6200 BTC reserves to address the threat of Quantum Computing.

As the first country in the world to make Bitcoin legal tender, El Salvador will host the first government-led Bitcoin Historical Conference on November 12-13, 2025, aimed at showcasing the role of Bitcoin in financial freedom and national sovereignty. While preparing for this grand event, the country is actively taking measures to diversify more than 6,200 national Bitcoin reserves into 14 independent addresses to guard against security threats posed by future quantum computing technologies. Although President Bukele has publicly claimed to buy Bitcoin daily, a report from the International Monetary Fund (IMF) indicates that the Salvadoran government has not made any new Bitcoin purchases since February 2025.

El Salvador Hosts First Government-Led Bitcoin Conference to Celebrate Milestone in Digital Currency

El Salvador is preparing to host the world's first government-led Bitcoin conference in the historic center of its capital, San Salvador - the "Bitcoin Histórico". This two-day event, organized by the National Bitcoin Office, is hailed as an important milestone in the development of digital currency. The event aims to showcase the role of Bitcoin in promoting financial freedom, culture, and national sovereignty to the world.

The main stage of the conference is set at the National Palace, while a live broadcast will take place on a huge LED screen at Plaza Gerardo Barrios. In addition, the National Library (BINAES) and the National Theater will also host several panel discussions and workshops. The lineup of participants is impressive, including billionaire Ricardo Salinas, author Jeff Booth, Bitcoin advocates Max Keiser and Stacy Herbert, as well as Lightning Network developer Jack Mallers and other notable figures.

The holding of this conference coincides with the re-election of El Salvador's President Nayib Bukele through constitutional amendments. As a staunch supporter of Bitcoin, Bukele has confirmed that the government holds over 6,200 Bitcoins. Under his leadership, the country will have broader political space to implement its pro-Bitcoin strategy. At the announcement of the conference, there were also signs of a rebound in the Bitcoin market, with prices rising above $110,293, successfully recovering from last week's sharp decline of 6%. Institutional demand remains strong, with Japanese company Metaplanet increasing its holdings by 1,009 Bitcoins on Monday, bringing its total holdings to 20,000 BTC. Meanwhile, the U.S. spot Bitcoin ETF saw an inflow of $440 million in the past week. The CME FedWatch tool indicates an 87.6% probability of the Federal Reserve cutting interest rates by 25 basis points this month, which further supports the value of Bitcoin.

Enhancing Reserve Security: Diversified Holdings to Mitigate Quantum Threats

While actively promoting Bitcoin, El Salvador is also enhancing the security of its national Bitcoin reserves. The National Bitcoin Office announced that the 6,284 Bitcoins (worth over 682 million USD) held by the country have been dispersed across 14 independent Addresses.

This move is aimed at addressing the potential security threats posed by future quantum computing technologies. Unlike traditional binary computing, quantum computers can theoretically break the elliptic curve cryptography (ECDSA) that Bitcoin relies on using Shor's algorithm, thereby deducing the private keys. Since Bitcoin addresses that have already conducted transactions expose the public key, they are the most vulnerable to quantum attacks. By distributing funds across multiple unused wallets, each holding no more than 500 Bitcoins, El Salvador has significantly reduced the potential losses from future quantum attacks.

The officials stated that this asset redistribution is part of enhancing the long-term security of the "National Strategic Bitcoin Reserve" and reflects proactive preparations for the security risks brought about by advancements in Quantum Computing technology. At the same time, the government will maintain transparency through a new public dashboard that allows the public to track all reserve Addresses without relying on a single wallet. According to cybersecurity experts, as many as 7 million Bitcoins (about 30% of the total supply) are currently at risk of quantum attacks due to the use of outdated address formats.

The Subtlety of Bitcoin Strategy: IMF Report Reveals New Dynamics

Despite El Salvador's high-profile embrace of Bitcoin in public, recent disclosures have revealed a more cautious strategy. A report released by the International Monetary Fund (IMF) in July 2025 refuted President Bukele's previous public statement about the government purchasing one Bitcoin daily. The report revealed that since February 2025, the El Salvador government has not made any new Bitcoin purchases. The central bank president and the finance minister also confirmed this fact in a signed letter. The IMF explained that the on-chain activity observed in recent months was merely a transfer between internal hot wallets and cold wallets, rather than new purchases.

The IMF expressed appreciation for the government's transition, viewing it as an important step in reducing fiscal risks and increasing transparency. As part of the reforms, the Chivo wallet, which had previously served as the country's main promotional tool, will also be privatized by July 2025 and removed from government oversight to alleviate the burden on public finances. Nevertheless, El Salvador continues to promote its image as a Bitcoin leader, for instance, by launching a financial literacy program called "What is Money?" for children aged 7 and above in August, as well as announcing the upcoming "Bitcoin History Conference."

Conclusion

El Salvador is advancing its Bitcoin strategy in a dual-track parallel manner: on one hand, it is high-profile establishing its leadership image in the crypto world by hosting global Bitcoin conferences; on the other hand, it is taking more pragmatic and risk-averse measures behind the scenes, such as strengthening the security of national reserves and adjusting purchasing strategies. These actions indicate that despite the cancellation of the attempt to use Bitcoin as legal tender, El Salvador remains committed to exploring its application and development at the national level, while also striving to balance innovation and risk. For other countries and institutions, El Salvador's practices provide valuable insights on how to prudently manage technological, financial, and reputational risks when embracing Bitcoin.