Next up the IMF trys to tell President Trump not to own Bitcoin
The International Monetary Fund (IMF) remains critical of El Salvador’s Bitcoin experiment while continuing to work with the country.
According to Reuters, at a press conference on Thursday, IMF spokesman Julie Kozack stated that the IMF has suggested “limiting public sector exposure to Bitcoin”.
The IMF has been critical of El Salvador’s decision to adopt Bitcoin as legal tender since 2021, and these comments reflect their ongoing caution about the move.
El Salvador made headlines in September 2021 when it became the world’s first country to accept Bitcoin as legal cash. This approach, championed by President Nayib Bukele, has sparked controversy, with the IMF among the most vocal detractors.
The organization has repeatedly expressed worries about the decision’s possible macroeconomic, financial, and legal hazards, warning that Bitcoin’s volatility might disrupt the national economy.
However, it acknowledged in August that many of the hazards of the Bitcoin experiment “had not yet materialized.”
https://www.cryptotimes.io/2024/10/04/imf-urges-el-salvador-to-limit-bitcoin-exposure/ and with this we can see that Bukele slap their faces with reality that they can't control them and now he proves that they are right with their decision and IMF is wrong with what they suggest before.
If El Salvador follow what IMF recommendation for sure that they will be slave by IMF. But its good they choose to step up and now seeing the result of the efforts and trust they made for bitcoin. More success to come with El Salvador and those countries also institutions still doubts would regret once bitcoin reach new highs.