El Salvador Bitcoin Accumulation Needs To Stop, IMF Says

The collapse of El Salvador's bitcoin dream

In 2021, El Salvador caught the world's attention by becoming the first country to make cryptocurrency legal tender, alongside the US dollar.Last December, as the price of bitcoin broke $100,000 (£77,765) for the first time, the young president Nayib Bukele posted on social media that the Central American nation's crypto holdings had more than doubled in value. But now – as the price for securing a $1.4 billion (£1.1 billion) loan deal from the …

Bitcoin (BTC) Purchases Won't Stop in El Salvador: President Nayib Bukele

Led by President Nayib Bukele, El Salvador apparently has no intention of stopping its accumulation of bitcoin (BTC) no matter what the IMF demands."'This all stops in April.' 'This all stops in June.' 'This all stops in December.' No, it’s not stopping," Bukele posted on X on Tuesday afternoon. "If it didn’t stop when the world ostracized us and most 'bitcoiners' abandoned us, it won’t stop now, and it won’t stop in the future. Proof of work > …

El Salvador Bitcoin Accumulation Needs To Stop, IMF Says

The IMF published a new staff country report related to El Salvador in which the fund underscored that El Salvador bitcoin accumulation needs to stop.

IMF Orders El Salvador to Stop Buying Bitcoin With Public Funds!

A new level of conflict has been seen between El Salvador & IMF body over the country’s Bitcoin investment plan. The country’s president directly says El Salvador will never stop buying Bitcoin. Summary El Salvador is getting new pressure from the IMF body to stop Bitcoin adoption. El Salvador’s president openly announced he will not stop buying Bitcoin. Country’s National Bitcoin Office confirms Bitcoin buy in better amount to comply with Bitc…