The President of El Salvador rejects the conditions of the IMF and declares: We will not stop adopting Bitcoin
President "Nayib Bukele" of El Salvador publicly rejected the International Monetary Fund's conditions for obtaining a $1.4 billion loan, affirming that his country's strategy towards Bitcoin will not cease.
The IMF requested a zero limit on government purchases of Bitcoin, the liquidation of the "Fidebitcoin" fund by July 2025, and the termination of the state's participation in the "Chivo" wallet.
However, "Bukele" responded by saying:
No, it will not stop.
His stance coincided with the announcement from the Bitcoin office of purchasing an additional 1 Bitcoin, raising El Salvador's reserves to 6101 BTC worth $510 million.
While the President of El Salvador faces international criticism, he enjoys the support of the Bitcoin community, as "Michael Saylor" commented:
The adoption of Bitcoin cannot be stopped.
