Post
Topic
Board Economics
Re: IMF urges El Salvador to remove Bitcoin as legal tender
by
odolvlobo
on 26/01/2022, 19:28:55 UTC
Quote
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"

How come a deflationary currency will increase the inflation ? WTF!

Bitcoin causes inflation for fiat users as the demand for fiat falls.