Re: El Salvador Ignores IMF, Buys More Bitcoin Anyway
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.
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
To see the fruits flourish, you need to plant them ahead of time - and nobody does it better than El Sal currently.