๐ก 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.
๐ The agreement with the IMF, a 40-month program, started with 113 million dollars and aims to strengthen public finances and mitigate bitcoin risks.
โณ 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.
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๐ฐ The IMF seeks to tighten restrictions on BTC purchases by the government of El Salvador as a condition for the financing agreement.
๐ซ A condition of "no voluntary accumulation of bitcoin by the public sector" is imposed, limiting the BTC reserves of state entities.
๐ผ 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.
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Do you think Bukele will yield?
๐๐ผ = No way he will!
๐ข = They will pressure him
๐ญ = He will yield, he has no option
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