It will somehow impact the value of Bitcoin but not for long because the people who pull this trick when to increase their bag after causing panic in the market.
El-Salvador withdrawing Bitcoin from their legal tender is normal. After all, they are facing different challenges and deny the benefits they ought to get because they make Bitcoin legal tender.


They are not stupid. They are following their master's (which is BlackRock and other investment giants) directive. It is us (Bitcoiners) who need to be smart and never let them play us.
I don't know if you're aware that they are also behind the issue Binance us had years ago. How they spread fud through one of the US TV programs called  "The Daily Show", and after they filed for BTC ETF which was when the BlackRock CEO started saying positive about Bitcoin.

I believe they are also pulling the same strategy and doing everything possible to cause FUD in the market for their selfish gain.
I hope just every Bitcoiner will start prioritizing the use of a self-custodial wallet from now on because they will play a lot of tricks in the market just for them to dominate and be the king.

These and more are the reasons why IMF loans always come with selfish conditions.

It's obvious that there are pressures from the IMF itself, however, what's ironic is that they still uses Bitcoin as currency still because the loan is  $1.4 billion in a credit facility. But I think it doesn't mean though that El Salvador is not going to used Bitcoin or El Salvadorian cannot invest on Bitcoin itself.

Although it has been reported that their official Bitcoin Wallet apps, Chivo will be sold or closed.

As for the effect on the Bitcoin prices, if it has negative connotations then it might bring the price down. However, I do not think that it will have a long term effect though. Sooner or later investors are still going to pour their money no matter what the news are.

It's true unfortunately: https://news.bitcoin.com/el-salvador-complies-with-imf-requirements-bitcoin-legal-tender-status-withdrawn/

The IMF man, they are such predators. They hold a lot of developing countries by the balls, and then they expect people to study in class why we have developed countries and developing countries and - get this - brainstorm what we can do about it.

Th answer: Nothing. Because these institutions will keep shaping economic policy in these countries just so that they can receive billions of dollars in aid loans from them.

Despite of their withdrawal of making Bitcoin as their legal tender still there's nothing to worry on this. El Salvador still a Bitcoin friendly nation and they just do this just to secure a huge loan from IMF which for sure they would use it to buy Bitcoin.

Bitcoin still a great despite what happen and for sure it cannot affect the decision of El Salvador to invest more on Bitcoin since after all they are already benefiting on current developments happening.

For sure they would never stop on their investment especially now that America is taking good step to adapt and for sure that they would take advantage on this situation and this is beneficial to them especially that they already have lots of Bitcoin hodl for long time.

This is like the fear of fiat worshipers whose existence is increasingly marginalized there. Moreover Bukele emphasizes students to learn bitcoin because the concept is much easier to understand than fiat. No need to worry because El Salvador will not simply limit bitcoin transactions in a short time. As long as Bukele holds his vision, he has the authority to raise the limit higher. The IMF feels that the flow of money in El Salvador is more dominant in bitcoin than in fiat.

Although international loan requirements are not allowed by certain countries to use crypto currencies as did El Salvador, in my understanding will not affect Bitcoin in terms of value or price The reason: El Salvador is not the only country that is adopted by Bitcoin and makes it a crypto currency official/legal payment tool.

Besides, in El Salvador the people there still use Bitcoin as a digital currency that can be used for investment and trade activities, it's just not permitted as a means of payment For me Bitcoin will affect the time of purchase and sale, if as a means of payment the value remains stable as it is today, except the El Salvador country sells all Bitcoin in the Crypto market in large quantities Not allowed to save bitcoin, as a condition of international loan it might affect the value of bitcoin itself, I think so.

I would not say that it is sad news, rather that it was expected considering that the actual use of BTC in that country is realistically below 10%, and at the same time the state needs money from those who do not like BTC at all, so I would call this move logical, no matter how much it seems that Bitcoin has lost its first country, because in fact it never had one.

Legal tender is just a nice story that they clearly failed to sell to the world, and paradoxically, BTC was more accepted in some countries where it is not legal tender even today, than in El Salvador.

What El Salvador failed to do when they discovered BTC was invest in it much more aggressively, because if they had several tens of thousands of BTC in their possession today, then they might not need the help of the vultures from the IMF.

Well, it's still okay nothing change despite of the order, their investments are still there and paying bitcoin is still an option for their people. What worse to happen is if IMF or their government start selling their holdings, that time bitcoin price will be highly affected for sure.

What a way to declare power to the fiat. This just means one thing; the IMF aren't really I support of the fact that El Salvador declared the use of Bitcoin as legal tender but I thought that with the number of Bitcoin the country has accumulated over the years should have been enough to fund their projects?
The way I see it is that President Bukele had finally bowed under pressure from the IMF who feel that the use of Bitcoin as legal tender poses a lot of financial risks but I think the man knew that before he took that bold step right? I guess that's their own means of negotiation in other for them to grant the loan.
 The IMF for a long time have felt threatened by El Salvador's decision to use Bitcoin as legal tender cause it has taken the potential power they (IMF) have alongside the banks that support it and countries who have received the intervention of the IMF are always not better off than the ones that don't so what's the assurance that El Salvador would get back on their feet after this.