El Salvador's President Nayib Bukele has said he will "continue accumulating #BTC as a strategic reserve asset" and plans to buy the cryptocurrency "much faster than before," according to crypto media outlet Watcher Guru. This comes despite El Salvador recently announcing that it will ease its Bitcoin policies and reduce the use of the cryptocurrency in public finances as part of a $1.4 billion loan deal with the International Monetary Fund (IMF). Bukele's comments have been met with mixed reactions from the crypto community, with some praising his commitment to Bitcoin and others expressing concerns about the potential risks of investing heavily in a volatile asset. El Salvador became the first country in the world to adopt Bitcoin as legal tender in September 2021, but its rollout has been met with challenges, including protests from citizens and warnings from the IMF about the risks to financial stability. The IMF has said that El Salvador's Bitcoin law "creates significant risks to financial stability, financial integrity, and consumer protection." It has also called on El Salvador to "repeal the Bitcoin law" and "strengthen its anti-money laundering and combating the financing of terrorism (AML/CFT) framework." Despite the IMF's concerns, Bukele has remained a vocal supporter of Bitcoin, and his latest comments suggest that he is not planning to back down from his commitment to the cryptocurrency.

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