So, International Monetary fund demands that El Salvador remove bitcoin as legal tender, otherwise it refuses to give loans to the country.
They are doing so to protect the people, as bitcoin will "bring instability and inflation"
This is the stupidest lie I've ever seen lol. The folks in IMF totally have no clue how bitcoin works it seems or probably they do but they tend to twist it somehow to make people feels unsafe with bitcoin
but there's potential el Salvador did this because the imf didn't offer them much in the first place.
It is and which is also why they announce it when all eyes are on bitcoin back then when crypto market was soaring and was the hottest thing that people search on the internet. They cant get much from IMF so they are looking for another option which is making bitcoin as their legal tender so their country would be consider some sort bitcoin safehaven thus more people might move in to their country and then somehow this would affect them beneficially