El Salvador is once again defying the International Monetary Fund (IMF) after buying eight more Bitcoins—just hours after the IMF warned them to stop. 😳 The tension started when the IMF approved a $1.4 billion loan deal that required the country to freeze all new Bitcoin purchases. President Nayib Bukele, however, isn’t playing by their rules. Despite officially agreeing to IMF terms, his administration keeps adding Bitcoin to the national treasury, now totaling over 6,190 $BTC valued at $674 million+! 💸
While the IMF says the country is technically complying—because the purchases are made by a Bitcoin Office that’s not directly tied to the fiscal sector—Bukele’s actions speak louder than any fine print. 📉⚖️ The IMF is worried that Bitcoin holdings could bring risky volatility and undermine economic reforms. Yet El Salvador’s economy is stabilizing, inflation is controlled, and the country is scoring points for other economic reforms, making this quiet rebellion hard to criticize openly. 😅
Bukele has made Bitcoin a part of El Salvador’s identity, and he’s not backing down. In fact, he bragged recently about $357 million in profits from the country’s BTC holdings. 💰 Even as legal changes made Bitcoin optional instead of mandatory to please the IMF, El Salvador’s crypto momentum keeps building. The world is watching this financial face-off: Can a tiny nation stand up to a global monetary titan and win with Bitcoin? 🌍⏳