📡 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.
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💰 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.
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Do you think Bukele will yield?
👎🏼 = No way he will!
😢 = They will pressure him
😭 = He will yield, he has no option
