So, International Monetary fund demands that El Salvador remove bitcoin as legal tender, otherwise it refuses to give loans to the country.
It seems the IMF fears that many other countries are soon likely to follow in the steps of El Salvador. Now under pressure, i hope the president of El Salvador doesn't bulge and remove bitcoin as a legal tender, it will be a big disappoint and set back to the crypto community. In a long run, say the current president doesn't bulge, i hope his successor will be one who shares his current plan to make El Salvador a safe haven for bitcoin, so that there can be continuity.
Too early to talk about continuity yet we wont be seeing the President would pass out anytime soon but its not a bad presumption though and as we can see that the recent deep didnt
really bulge in regarding into their decisions on making it as a legal tender since they are aware with volatility issues or risks of bitcoin in the first place.
For sure this would be an eye opener on some countries on which that a country do able to withstand and didnt really make themselves affected on that
recent deep.