Post
Topic
Board Bitcoin Discussion
Re: El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻
by
Wiwo
on 01/05/2025, 11:33:39 UTC

But they silently accumulating and ignore those conditions made by IMF. I find their action great statement that there's no one can stop them to buy Bitcoin.

This is relevant article towards this topic https://www.ccn.com/news/crypto/el-salvador-bitcoin-purchases-despite-imf-pressure/

I really had strong admiration of EL Salvador President since their current action state that IMF action will not bother them and they continue to do what they believe could bring future progress on their country. I also believe that in future IMF pressuring will stop and they would not ask same condition and just let El Salvador to buy Bitcoin.
Bukele has always had some kind of adventurous spirit, I don’t know how to put it correctly. Despite all the prohibitions, Bukeli will continue to do what he considers necessary and best for his country. I don’t know why it is so important for the IMF that El Salvador stops buying bitcoin. I don’t think that this can globally affect anything, the price of bitcoin, the attitude of other countries to bitcoin and so on. This is simply a far-fetched goal of the IMF, having achieved which they present it as their victory. But, as we see, this does not work and El Salvador continues to buy.
I have being following up with the El Salvador 🇸🇻 bitcoin adoption and been an active contributer here on this thread, one thing we have always pointed to in here is the fact that the Neibe Bukele administration have done more in term of bitcoin strategic purchases and also being firm on their national reserve not selling a single out of the thousands of El Salvador bitcoin, even when the price of Bitcoin touched at all time high price.

We need to give the president a credit on that, at least now that the United State and other first world countries making strategic bitcoin adoption, this have been the major breakthrough, placing El Salvador as the first country to adopt bitcoin globally, I like the way the president ignored all the distractions that was coming in from IMF and other global financial bodies, the president went ahead to make the bitcoin dream a reality both in accumulated bitcoin and policies and programs that encourage bitcoin adoption within El Salvador.