Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Bitcoin Discussion
Topic OP
Bitcoin can help all nations.
by
Lida93
on 13/02/2023, 17:22:12 UTC
Bitcoin can help all nations: El Salvador able to pay back an $800M bond because investment in BTC brought money to the country. El Salvador has completed payments of its $800 million outstanding bond following concerns that it could default due to its decision of making Bitcoin a legal tender. 
Regardless, the country still owes $367 million plus interest on an $800 million bond due to mature in 2025. Despite all of these progress made by the El Salvador government in their decision to invest in and adopt bitcoin as a legal tender in there country, still the international monetary fund can help but keep making discouraging warning statements to make El Salvador to make a U-turn in their financial policy on bitcoin.

IMF issues another warning to El Salvador on its Bitcoin decisions:
The country has been very certain about its decision to integrate Bitcoin into its financial sector. However, the International Monetary Fund (IMF) keeps issuing warnings. After a recent visit of IMF staff in the country, they observed that the Bitcoin risk to the country has not materialized yet. This is said to be due to its limited use of the decentralized asset.  https://www.crypto-news-flash.com/bitcoin-can-help-all-nations-el-salvador-able-to-pay-back-an-800m-bond-because-investment-in-btc-brought-money-to-the-country/

IMF is an international financial organization of which I believe are only driven to render financial assistance to nations whose economic policies  are in alignment with theirs, and its no news that the IMF as an organization is not unconnected to centralized authority system.  Whereas bitcoin is a decentralized currency of which it's operational pattern doesn't conform to central government influence and interference, and so I wonder, could it be due to these factors that the IMF in bent on giving out warnings to the El Salvador government against their acceptance of bitcoin into their financial sector and heavily investing on it but rather doing so under the pretext of supposed risk that El Salvador decision might pose to it's economy?