Quote from: xzone on June 03, 2025, 11:43:07 AM

Quote from: Ethan_Crypto on May 28, 2025, 07:01:10 PM

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.

For a small country like El Salvador with a bad economy, seeing bitcoin so valuable is the best investment that can be made. Of course, people who don't want the financial system to change and who have old ideas don't think it's right to buy bitcoin and try to block it. But at the end of the day, the winner will always be bitcoin.
That's why I respect El Salvador so much and I support them in this. they will surely experience very good things for the country one day

Not everyone will be winners though, there are investors who got nervous before and sold at at lost. The winner is those who are smart enough to know that holding Bitcoin for a long time is the game here, just like the rest of us and El Salvador. They've already amasses a lot of Bitcoin already and they are in the profit but they are not going to sell and instead, continue to buy as long as Bukele is the leader of the country. For the IMF, I do agree, they don't want this country to be financially reliant like investing on Bitcoin that's why they wanted to block it as any cost. Just imagine if every country under their watch would simply buy Bitcoin and then in the next couple of years profited a lot and was able to pay the debts in no time. It will simply turn the world upside down, and that they don't want that to happen.