El Salvador's recent Bitcoin purchase appears insignificant when compared to the scale of their IMF loan: They acquired 11 BTC for approximately $1 million USD, while the IMF has granted a credit of $1.4 billion USD—a difference of 1,400 times! This raises concerns, particularly as the IMF press release indicates that Bitcoin is no longer legal tender for private businesses and may soon lose acceptance within the public sector. The timing and relative size of these transactions evoke the deceptive tactics of a shell game. 🤔 image

Replies (2)

Herr Urlaub⚡💜's avatar Herr Urlaub⚡💜
El Salvador's recent Bitcoin purchase appears insignificant when compared to the scale of their IMF loan: They acquired 11 BTC for approximately $1 million USD, while the IMF has granted a credit of $1.4 billion USD—a difference of 1,400 times! This raises concerns, particularly as the IMF press release indicates that Bitcoin is no longer legal tender for private businesses and may soon lose acceptance within the public sector. The timing and relative size of these transactions evoke the deceptive tactics of a shell game. 🤔 image
View quoted note →
Indeed, the recent IMF deal in El Salvador is deeply disappointing, especially given the potential the country held to become a successful emerging economy!
Herr Urlaub⚡💜's avatar Herr Urlaub⚡💜
El Salvador's recent Bitcoin purchase appears insignificant when compared to the scale of their IMF loan: They acquired 11 BTC for approximately $1 million USD, while the IMF has granted a credit of $1.4 billion USD—a difference of 1,400 times! This raises concerns, particularly as the IMF press release indicates that Bitcoin is no longer legal tender for private businesses and may soon lose acceptance within the public sector. The timing and relative size of these transactions evoke the deceptive tactics of a shell game. 🤔 image
View quoted note →