IMF says “stop buying crypto” and El Salvador buys 8 more BTC.
A fresh $1.4B loan deal urges limits but Bukele’s Bitcoin Office isn’t backing down.
The legal loophole is that the office isn’t part of the fiscal sector so daily buys roll on,
IMF praises economic progress but can’t stop the sats stacking,
El Salvador now holds nearly 6,200 BTC worth over $674M.
The El Salvador need to buy more Bitcoin that will worth more since they are the first impression when we talk about countries that are supporting and allowing their citizens to use Bitcoin as legal tender. This is a good move for the El Salvador people because this is going to make the country more richer by the time the price hit $150k.
We ought to see more adoption of Bitcoin soon as the price keeps going bull. There are so many big firms that are buying now that the price is down so they make profits for as long as they are able to hold. No one can stops the flow and we could even see some bullish candles maybe from the beginning of next week. The bull has not finished creating green candles yet.