Post
Topic
Board Bitcoin Discussion
Re: El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻
by
JayJuanGee
on 29/04/2025, 03:11:12 UTC
[edited out]
With bitcoin investment pattern in which El-Salvador has been doing for quite some time, it only requires them more time to be able to emerge out of any form of attempts to reconsider going back to IMF for loan, because with bitcoin investment, they can gradually solve all their debts and make a repayment over time, which is what they have always stood on and i don't want them to have a shift on ground about this, IMF may be giving divers directives and advise as against the investment decision they are taking over bitcoin to buy, hold and accumulate bitcoin, but i can vividly say this that they are placing a hold on this not because of the warning from IMF, but to strategize themselves before continuing.

I have not seen any statement that El Salvador is actually pausing in its accumulation of 1 bitcoin per day or whatever might be some modest form of ongoing BTC accumulation.   I will take with a grain of salt any proclamations of actually moving away from their goals, even though surely there are a lot of folks in El Salvador who likely do not have much of a discretionary income, so they might not be advantaged from investing into bitcoin, and using bitcoin as a payment system is not as compelling.