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.
It seems recently el salvador just added more bitcoin into their stash, truly fascinating move.
Don't know what el salvador is aiming though but the fact that el salvador has profited so hard from bitcoin means they are conscious enough to keep holding onto bitcoin.
It seems in this case, el salvador just gonna ignore IMF outright.
Yes they are buying more and it seems that they don't have any plan to stop despite of IMF suggestion that they should stop purchasing Bitcoin.
For many good things happen on Bitcoin now for sure that El Salvador would just ignore IMF since for sure that they don't want to miss something especially that they know Bitcoin future is so promising.