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How can Bukele continue to accumulate Bitcoin after reaching an IMF loan agreement?
El Salvador seems to have contradicted its recent agreement with the IMF to stop public investment in Bitcoin.
El Salvador's President Nayib Bukele surprised industry observers on March 4 when he announced that his government would not stop buying Bitcoin, despite the International Monetary Fund's (IMF) demands.
In January, El Salvador signed a $1.4 billion loan agreement with the IMF on the condition that the country would cancel the adoption of Bitcoin and declassify it as a mandatory legal payment method.
On March 3, the IMF released a report outlining the terms of the agreement, noting that it would prohibit public accumulation of Bitcoin — meaning the government or government-controlled entities could not buy or mine Bitcoin. Bukele, seemingly defiant, stated that his country would continue to accumulate Bitcoin regardless.
The apparent conflict between Bukele's Bitcoin plan and the IMF's terms has raised questions about El Salvador's future Bitcoin accumulation and the potential consequences of the clash with the lending entity.
Bukele's recent Bitcoin purchases do not necessarily "conflict" with the IMF agreement
Among the many details in the documentation released by the IMF on March 3, there is a specific provision that has attracted the attention of Bitcoin supporters, which is "there will be no voluntary accumulation of Bitcoin by the public sector within the framework of the program." #IMF #Bukele
El Salvador seems to have contradicted its recent agreement with the IMF to stop public investment in Bitcoin.
El Salvador's President Nayib Bukele surprised industry observers on March 4 when he announced that his government would not stop buying Bitcoin, despite the International Monetary Fund's (IMF) demands.
In January, El Salvador signed a $1.4 billion loan agreement with the IMF on the condition that the country would cancel the adoption of Bitcoin and declassify it as a mandatory legal payment method.
On March 3, the IMF released a report outlining the terms of the agreement, noting that it would prohibit public accumulation of Bitcoin — meaning the government or government-controlled entities could not buy or mine Bitcoin. Bukele, seemingly defiant, stated that his country would continue to accumulate Bitcoin regardless.
The apparent conflict between Bukele's Bitcoin plan and the IMF's terms has raised questions about El Salvador's future Bitcoin accumulation and the potential consequences of the clash with the lending entity.
Bukele's recent Bitcoin purchases do not necessarily "conflict" with the IMF agreement
Among the many details in the documentation released by the IMF on March 3, there is a specific provision that has attracted the attention of Bitcoin supporters, which is "there will be no voluntary accumulation of Bitcoin by the public sector within the framework of the program." #IMF #Bukele
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📡 El Salvador burst onto the global scene by adopting bitcoin as legal tender. Now, the IMF is pressuring the government of Nayib Bukele to reduce its bet on the currency.
📜 The agreement with the IMF, a 40-month program, started with 113 million dollars and aims to strengthen public finances and mitigate bitcoin risks.
⏳ For the 6,100 BTC held by El Salvador to reach USD 1.4 billion loaned by the IMF, bitcoin must rise from 109,000 dollars (peak of 2025) to 229,508 dollars, a 110% increase.
Access the full article here 👈
💰 The IMF seeks to tighten restrictions on BTC purchases by the government of El Salvador as a condition for the financing agreement.
🚫 A condition of "no voluntary accumulation of bitcoin by the public sector" is imposed, limiting the BTC reserves of state entities.
💼 The international organization also demands an end to public participation in the Chivo Wallet and to stop using public funds for it before July 2025.
Read the full article here 👈
Do you think Bukele will yield?
👎🏼 = No way he will!
😢 = They will pressure him
😭 = He will yield, he has no option
#BTC #BTC☀ #Salvador #Bukele #BTC走势分析 $BTC
📜 The agreement with the IMF, a 40-month program, started with 113 million dollars and aims to strengthen public finances and mitigate bitcoin risks.
⏳ For the 6,100 BTC held by El Salvador to reach USD 1.4 billion loaned by the IMF, bitcoin must rise from 109,000 dollars (peak of 2025) to 229,508 dollars, a 110% increase.
Access the full article here 👈
💰 The IMF seeks to tighten restrictions on BTC purchases by the government of El Salvador as a condition for the financing agreement.
🚫 A condition of "no voluntary accumulation of bitcoin by the public sector" is imposed, limiting the BTC reserves of state entities.
💼 The international organization also demands an end to public participation in the Chivo Wallet and to stop using public funds for it before July 2025.
Read the full article here 👈
Do you think Bukele will yield?
👎🏼 = No way he will!
😢 = They will pressure him
😭 = He will yield, he has no option
#BTC #BTC☀ #Salvador #Bukele #BTC走势分析 $BTC
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Mexican Billionaire Makes Big Bet on Bitcoin – Is This a Bold Strategy or Recklessness?
Mexican billionaire Ricardo Salinas, one of the most influential figures in finance and cryptocurrency, has just revealed that 70% of his portfolio is currently in Bitcoin (BTC). With an estimated net worth of $5.8 billion, this decision is drawing attention from around the world. Is this a wise move or a risky gamble?
From 10% to 70% Bitcoin – How Salinas is gradually going 'all-in' on crypto
From 10% to 70% Bitcoin – How Salinas is gradually going 'all-in' on crypto
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🚀The digital asset market reacts with a rebound after new signals from the White House.
📢Howard Lutnick, U.S. Secretary of Commerce, announced that Donald Trump will present his vision on the strategic reserve of bitcoin and a regulatory framework for cryptocurrencies during the summit this Friday.
📈In this context, bitcoin is reacting positively and is trading above $90,000.
Read the full article here 👈
Do you think Trump will boost the rally?
🔥 = It's going to explode
🥱 = It's just smoke
❤️ = It depends on the announcement
😟 Recently, it came to light that the IMF demanded El Salvador reduce its BTC purchases, which raised concerns among bitcoiners
However, Bukele clarified the situation and was categorical in stating that bitcoin purchases will continue 💬
🧐 Despite this, figures like John Dennehy and Samson Mow remain unconvinced. Dennehy, in particular, responded to the president asking for clear communication
We'll have to see if the president of El Salvador really has an ace up his sleeve or if he is just giving false hopes 🤔
Stay informed with the full article here 👈
Do you think Bukele will continue buying BTC?
❤️ = Yes
😢 = No
#BTC #BTC☀ #Bukele #TRUMP #DonaldTrump $BTC
📢Howard Lutnick, U.S. Secretary of Commerce, announced that Donald Trump will present his vision on the strategic reserve of bitcoin and a regulatory framework for cryptocurrencies during the summit this Friday.
📈In this context, bitcoin is reacting positively and is trading above $90,000.
Read the full article here 👈
Do you think Trump will boost the rally?
🔥 = It's going to explode
🥱 = It's just smoke
❤️ = It depends on the announcement
😟 Recently, it came to light that the IMF demanded El Salvador reduce its BTC purchases, which raised concerns among bitcoiners
However, Bukele clarified the situation and was categorical in stating that bitcoin purchases will continue 💬
🧐 Despite this, figures like John Dennehy and Samson Mow remain unconvinced. Dennehy, in particular, responded to the president asking for clear communication
We'll have to see if the president of El Salvador really has an ace up his sleeve or if he is just giving false hopes 🤔
Stay informed with the full article here 👈
Do you think Bukele will continue buying BTC?
❤️ = Yes
😢 = No
#BTC #BTC☀ #Bukele #TRUMP #DonaldTrump $BTC
🚨 BREAKING NEWS 🚨
El Salvador has seemingly paused its daily #Bitcoin purchases! 🛑💰 Is President Nayib Bukele holding onto some insider knowledge 🤔 that the rest of us aren’t privy to? 🤷♂️
This move has sparked major speculation in the crypto community 🧐—could this be a strategic shift, or is there something bigger brewing on the horizon? 🌅
Stay tuned as the world watches closely! 👀 #CryptoNews #BitcoinUpdate #ElSalvador #Bukele #CryptoStrategy 🚀🔍
What’s your take on this? Drop your thoughts below! ⬇️💬
$BTC
El Salvador has seemingly paused its daily #Bitcoin purchases! 🛑💰 Is President Nayib Bukele holding onto some insider knowledge 🤔 that the rest of us aren’t privy to? 🤷♂️
This move has sparked major speculation in the crypto community 🧐—could this be a strategic shift, or is there something bigger brewing on the horizon? 🌅
Stay tuned as the world watches closely! 👀 #CryptoNews #BitcoinUpdate #ElSalvador #Bukele #CryptoStrategy 🚀🔍
What’s your take on this? Drop your thoughts below! ⬇️💬
$BTC
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🇸🇻 El Salvador surprises again!
President Nayib Bukele announced that 95% of the country's residents will not pay for electricity and water in January 2025! 💡💧
This is an incredible step that will support millions of families. 🎉 But be careful: the 5% of citizens not included in this program will not receive any additional payments. Everything remains transparent and fair! 👏
Why is this important?
✔ This will help people cope with rising costs.
✔ Demonstrates Bukele's commitment to supporting the people even in difficult times.
This initiative has sparked a heated debate, but one thing is clear: such steps strengthen trust between the government and the citizens. 💪
What do you think about this measure? Share your opinion! 🗣
#ElSalvador #Bukele #Electricity #WaterBills
President Nayib Bukele announced that 95% of the country's residents will not pay for electricity and water in January 2025! 💡💧
This is an incredible step that will support millions of families. 🎉 But be careful: the 5% of citizens not included in this program will not receive any additional payments. Everything remains transparent and fair! 👏
Why is this important?
✔ This will help people cope with rising costs.
✔ Demonstrates Bukele's commitment to supporting the people even in difficult times.
This initiative has sparked a heated debate, but one thing is clear: such steps strengthen trust between the government and the citizens. 💪
What do you think about this measure? Share your opinion! 🗣
#ElSalvador #Bukele #Electricity #WaterBills
See original
Tether Moves Headquarters to El Salvador: A Step Shaping the Future of Stablecoins
Tether chooses El Salvador as its 'new home'
The stablecoin giant Tether, the company behind USDT, has just announced that it will transfer all subsidiaries to #ElSalvador , a country known for its Bitcoin-friendly policies. This move comes after Tether received a license to provide digital asset services in this Central American country.
Tether is currently headquartered in the British Virgin Islands, and USDT is the largest stablecoin in the world with a market capitalization of up to 137 billion USD, playing a key role in the global cryptocurrency ecosystem.
The stablecoin giant Tether, the company behind USDT, has just announced that it will transfer all subsidiaries to #ElSalvador , a country known for its Bitcoin-friendly policies. This move comes after Tether received a license to provide digital asset services in this Central American country.
Tether is currently headquartered in the British Virgin Islands, and USDT is the largest stablecoin in the world with a market capitalization of up to 137 billion USD, playing a key role in the global cryptocurrency ecosystem.
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He told #Bukele the same about buying $BTC as #reserva strategic. #CostaRica for when???
Who thinks that even a family, small and medium-sized enterprises should do the same?
$ETH $USDC
Who thinks that even a family, small and medium-sized enterprises should do the same?
$ETH $USDC
Binance News
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Michael Saylor Suggests U.S. Acquire 20% of Bitcoin Supply
According to BlockBeats, Michael Saylor, the founder of Strategy (formerly MicroStrategy), stated in a video interview that the United States should aim to acquire 20% of the total Bitcoin supply. This suggestion comes amid ongoing discussions about the role of cryptocurrencies in national economies and the potential strategic advantages of holding significant digital assets.
El Salvador Reshapes Its Bitcoin Strategy Under New IMF Deal
El Salvador's groundbreaking cryptocurrency experiment is entering a new phase as the nation finalizes a $1.4 billion agreement with the International Monetary Fund (IMF). This watershed moment marks a significant shift in how the Central American nation will manage its unique dual-currency system.
The most notable change comes to the pioneering Bitcoin Law of 2021, which initially mandated cryptocurrency acceptance across all businesses. Under the new framework, merchants will have the freedom to choose whether they accept Bitcoin payments, acknowledging the practical challenges many small businesses faced with the original requirement. This adjustment reflects a more nuanced understanding of the local economic landscape, where cash transactions still dominate daily commerce.
The government's role in cryptocurrency operations is also evolving. State involvement with the Chivo digital wallet system will be scaled back, and public sector activities in the Bitcoin sphere will see new limitations. In a move to strengthen traditional financial frameworks, tax obligations will now be exclusively payable in U.S. dollars, though this doesn't diminish the dollar's status as the country's official currency.
Despite these adjustments, President Nayib Bukele's administration maintains its conviction in Bitcoin's potential. Through the National Bitcoin Office, the government continues to build its cryptocurrency reserves, currently holding nearly 6,000 BTC valued at over $600 million. This persistent commitment suggests El Salvador isn't abandoning its cryptocurrency vision but rather refining its approach.
The path to this agreement wasn't straightforward. Four years of intense negotiations with the IMF reflected the complex balance between innovative financial policy and traditional economic stability. The international financial community watched closely as El Salvador navigated these uncharted waters, making it a fascinating case study in cryptocurrency adoption at the national level.
The new arrangement opens doors to broader financial support, potentially attracting an additional $2.1 billion from various international institutions. This expanded funding pool, totaling more than $3.5 billion, provides El Salvador with crucial resources for economic development and stability.
El Salvador's journey offers valuable insights into the real-world challenges of integrating cryptocurrency into a national economy. While some view the recent changes as a step back from the original vision, others see it as a necessary evolution toward a more sustainable and practical approach to cryptocurrency adoption.
As other nations contemplate their own cryptocurrency policies, El Salvador's experience provides rich lessons in balancing innovation with pragmatism. The country's ongoing experiment, though modified, continues to offer insights into the future of digital currency in national economics.
Time will tell whether these adjustments strengthen El Salvador's position in the global financial landscape. For now, the nation remains at the forefront of governmental cryptocurrency adoption, albeit with a more measured approach that better aligns with international financial norms and local economic realities.
#ElSalvador #Nayib #NayibBukele #Bukele #IMF $BTC
The most notable change comes to the pioneering Bitcoin Law of 2021, which initially mandated cryptocurrency acceptance across all businesses. Under the new framework, merchants will have the freedom to choose whether they accept Bitcoin payments, acknowledging the practical challenges many small businesses faced with the original requirement. This adjustment reflects a more nuanced understanding of the local economic landscape, where cash transactions still dominate daily commerce.
The government's role in cryptocurrency operations is also evolving. State involvement with the Chivo digital wallet system will be scaled back, and public sector activities in the Bitcoin sphere will see new limitations. In a move to strengthen traditional financial frameworks, tax obligations will now be exclusively payable in U.S. dollars, though this doesn't diminish the dollar's status as the country's official currency.
Despite these adjustments, President Nayib Bukele's administration maintains its conviction in Bitcoin's potential. Through the National Bitcoin Office, the government continues to build its cryptocurrency reserves, currently holding nearly 6,000 BTC valued at over $600 million. This persistent commitment suggests El Salvador isn't abandoning its cryptocurrency vision but rather refining its approach.
The path to this agreement wasn't straightforward. Four years of intense negotiations with the IMF reflected the complex balance between innovative financial policy and traditional economic stability. The international financial community watched closely as El Salvador navigated these uncharted waters, making it a fascinating case study in cryptocurrency adoption at the national level.
The new arrangement opens doors to broader financial support, potentially attracting an additional $2.1 billion from various international institutions. This expanded funding pool, totaling more than $3.5 billion, provides El Salvador with crucial resources for economic development and stability.
El Salvador's journey offers valuable insights into the real-world challenges of integrating cryptocurrency into a national economy. While some view the recent changes as a step back from the original vision, others see it as a necessary evolution toward a more sustainable and practical approach to cryptocurrency adoption.
As other nations contemplate their own cryptocurrency policies, El Salvador's experience provides rich lessons in balancing innovation with pragmatism. The country's ongoing experiment, though modified, continues to offer insights into the future of digital currency in national economics.
Time will tell whether these adjustments strengthen El Salvador's position in the global financial landscape. For now, the nation remains at the forefront of governmental cryptocurrency adoption, albeit with a more measured approach that better aligns with international financial norms and local economic realities.
#ElSalvador #Nayib #NayibBukele #Bukele #IMF $BTC
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#ElonMusk y #Milei our Argentine president, our #Bukele from the south. Great controversy for having recommended a currency #Libra that rose quickly and much faster fell to touch bottom, making a few rich and many poor (I don't know why people are surprised that this happens, it always happens, that's how it works, it's common currency, pun intended). Milei went out to say that it was the Peronchos, that is, the Peronists, who hit the currency to make him look bad... be that as it may... we all know that only King Elon can make a cryptocurrency rise or fall, and we trust him, him and our favorite dog until the end !!! #DOGEToTheMoon !!!
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😱 #FMI suggests El Salvador minimize exposure to Bitcoin! 🚨
On Thursday, October 3, the International Monetary Fund (IMF) issued a warning to El Salvador regarding the use of Bitcoin in the country! 🧐
👉 The IMF recommends El Salvador reduce Law $BTC and increase regulation and supervision of cryptocurrencies. Spokesperson Julie Kozack stressed that the government should reduce exposure to Bitcoin, especially in the public sector. ⚠️
While praising President Bukele's budget for 2025, which foresees the country being debt-free by that year, the IMF remains concerned about the risks to fiscal and financial stability related to the use of Bitcoin. 🏛️📊
What do you think about this?
#ElSalvadorBitcoin #Bukele #MarketDownturn #bitcoinhoy $BTC
On Thursday, October 3, the International Monetary Fund (IMF) issued a warning to El Salvador regarding the use of Bitcoin in the country! 🧐
👉 The IMF recommends El Salvador reduce Law $BTC and increase regulation and supervision of cryptocurrencies. Spokesperson Julie Kozack stressed that the government should reduce exposure to Bitcoin, especially in the public sector. ⚠️
While praising President Bukele's budget for 2025, which foresees the country being debt-free by that year, the IMF remains concerned about the risks to fiscal and financial stability related to the use of Bitcoin. 🏛️📊
What do you think about this?
#ElSalvadorBitcoin #Bukele #MarketDownturn #bitcoinhoy $BTC
🔥 When 🇸🇻 Bukele Took on the 🇺🇸 Federal Reserve! 💥
The moment El Salvador’s president stepped into the US and called out the Fed for its reckless money printing! 💸⚡ Meanwhile, El Salvador keeps stacking BTC! 🚀💎
#BitBounty #Bitcoin #Bukele #FederalReserve
$BTC $BERA $BNB
The moment El Salvador’s president stepped into the US and called out the Fed for its reckless money printing! 💸⚡ Meanwhile, El Salvador keeps stacking BTC! 🚀💎
#BitBounty #Bitcoin #Bukele #FederalReserve
$BTC $BERA $BNB
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BREAKING: President Trump is in talks with El Salvador President, Nayib Bukele on the creation of the “Safe Third Country” agreement.
This agreement would allow the US to deport non-Salvadoran migrants to El Salvador, and also block them from requesting asylum in the U.S.
This agreement would allow the US to deport non-Salvadoran migrants to El Salvador, and also block them from requesting asylum in the U.S.
The Global Shift Toward Cryptocurrency Adoption by Leaders
As cryptocurrency gains momentum worldwide, the conversation among global leaders is shifting rapidly. Presidents and policymakers are beginning to recognize the potential of blockchain technology and digital currencies to revolutionize economies.
From enabling faster cross-border payments to providing financial inclusion for the unbanked, crypto offers solutions to persistent economic challenges. Leaders in countries like El Salvador have already embraced Bitcoin as legal tender, setting a precedent for others.
However, concerns about regulation, environmental impact, and security remain. The coming years will likely see governments debating frameworks to integrate crypto responsibly while fostering innovation. The era of cryptocurrency governance has just begun.
#DonaldTrump #Bukele @CZ
As cryptocurrency gains momentum worldwide, the conversation among global leaders is shifting rapidly. Presidents and policymakers are beginning to recognize the potential of blockchain technology and digital currencies to revolutionize economies.
From enabling faster cross-border payments to providing financial inclusion for the unbanked, crypto offers solutions to persistent economic challenges. Leaders in countries like El Salvador have already embraced Bitcoin as legal tender, setting a precedent for others.
However, concerns about regulation, environmental impact, and security remain. The coming years will likely see governments debating frameworks to integrate crypto responsibly while fostering innovation. The era of cryptocurrency governance has just begun.
#DonaldTrump #Bukele @CZ
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