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    Author Topic: El Salvador Ignores IMF, Buys More Bitcoin Anyway  (Read 772 times)
    CryptoBuds
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    June 03, 2025, 04:28:25 AM
     #61

    The IMF has the audacity to interfere in the internal affairs of the countries it lends money to. I'm glad Bukele is taking a stand. El Salvador's BTC reserve is in good shape and they are still buying. When many countries start doing the same thing, the IMF will stop interfering in these matters. If they think the debt will not be repaid, they are wrong. At least it won't be because of BTC but other economical or political reasons.

    El Salvador's bitcoin reserves are doing well but their economy is in pretty bad shape and if bitcoin reserves can't save the national economy, what's the point of focusing so much on it?

    The IMF is not wrong in thinking that El Salvador cannot pay its debts or improve its economy by focusing solely on bitcoin. The proof is that they have been investing and adopting bitcoin nationwide for the past 4 years and the end result they got is higher national debt and the economy not only has not improved but is facing more challenges.

    Investing in bitcoin is not bad, but when a country is in a state of high public debt, the economy and people's lives are in trouble. They should focus on boosting the economy with economic policies...instead of relying on an unstable asset and thinking it can save them.

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