El Salvador is becoming Switzerland for Bitcoin. Just as Switzerland is famous for gold, El Salvador will become like Switzerland for Bitcoin, meaning Nayeb Bukele has described El Salvador as the Switzerland for Bitcoin.
However, EL Salvador organized a workshop in Lugano, Switzerland, with 400 students in the category of PlanB-Network to train young people on Bitcoin, where a talented young man named Erickson Elias performed the best among 400 students. Seven talented young people were originally sent to introduce El Salvador's Bitcoin Strategic Reserve in Lugano, Switzerland.
I love everything El Salvador were doing from beginning until they decided to beg IMF for loans and I'm not happy with the conditions they gave them. I'm not sure if they know from beginning that if you want loan from IMF, you will be dancing to their tones, you need to accept what they say. It's obvious El Salvador want some loan from IMF, I think $1.4b was reported and now IMF is saying they have to limit their exposure to Bitcoin, they have to reduce rate at which they used public money to buy Bitcoin when it's planned they don't have plan to sell it now.
A time will come they are going to reduce the rate which they are buying Bitcoin, there is no way they can raise that amount of money from anywhere, even world bank will asked them to do the same and if there is a pressure from the monetary people in his government, he will yield to what IMF said. They need that money badly otherwise he might just have to continue like this. He wouldn't be able to sell and wouldn't have money either and that what I fear the most.