PRETTY SURE BUKELE TOOK THE $3.5B IMF LOAN TO STACK MORE BITCOIN.
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Replies (49)
EHEH!
LOL I SAID THE SAME THING TO SOMEONE ON HERE
GREAT MINDS
Let's hope so.
Man I would not be more excited about a moment in history
r/buttcoin is convinced it's because the Bitcoin "experiment" failed lol
THE IRONY WOULD BE 👌
bingo! that's what I'd do.
BIG IF TRUE
YES. IT ONLY MAKES SENSE. ALSO, MANDATORY ADOPTION WAS A LEGITIMATE CRITICISM. EVEN THOUGH IT WAS COOL.
That would be the best use of the funds
Without a doubt, after the prominence he gave to El Salvador, I no longer doubt anything.
It’s a little bizarre to be honest. Maybe. 🤔
Fine print matters. There were demands made to accept the money (Chivo & BTC related). It feels more to me like the IMF wants their BTC.
Pay off the loan with your BTC. Fine by them.
BITCOIN DOES NOT CARE
I think so too. People in X are up in arms because IMF, but Bukele isn't stupid.
Naive. It comes with clauses restricting government's ability to stack.
Gangster.
Saylor is showing the way 🗺️
"For the public sector, engagement in Bitcoin-related economic activities and transactions in and purchases of Bitcoin will be confined."
It appears the IMF has a say in how they can spend the money.
It's the definition of legal tender
Agreed. He threw them a nothing-burger and bought btc with the freshly printed slave tokens.
LEGAL TENDER IS COOL BECAUSE IT LEGITIMIZES BITCOIN, BUT IT IS ALSO AUTHORITARIAN. LET THE PEOPLE ACT FREELY.
he'll time it with Trump's official SBR executive order buy.
Look for the IMF chief to commit suicide on live TV.
sounds a lot like cope
I am extremely skeptical that is the case. If true, IMF will surely retaliate.
I WAS NEVER A BUKELE SHILL SO NOTHING TO COPE ABOUT.
The man likes to live dangerously.
nation states owning BTC somehow ending in increased human freedom,
and not in regulatory capture,
is cope.
Bukele is irrelevant.
BUT ITS HARD TO HAVE A NUANCED CONVERSATION IN ALL CAPS
Taxes have to be paid in USD. This is Salvador caving to IMF
I think so too
NICE MOVE 😏
Who runs the IMF?
Real Niggas !
Not really what I was going for.
I am sure it was in the terms of the loan. You can’t stack Bitcoin with this loan.
Chad move. Like a reverse monkey paw.
Apparently they're not allowed to
IMF Press release for El Salvador. This is insane. Big loss for Bitcoin in El Salvador.
This is nothing like the "shops just don't have to accept Bitcoin anymore" that everybody thought it was. Read this.
https://www.imf.org/en/News/Articles/2024/12/18/pr-24485-el-salvador-imf-reaches-staff-level-agreement-on-an-eff-arrangement
View quoted note →
Oh? A Michael Saylor play🤔
Why? There is plenty more where that came from...
I hope he dumps it all for #Bitcoin.
Not sure how binding these IMF conditions are, but see the second screenshot.
🤔
How sure though? Can we check? When do you think he'll come clean about it? 😃
That would be a legendary move by Bukele.
🧡
Looks like three changes:
1) Legal reforms will make acceptance of Bitcoin by the private sector voluntary.
2) Taxes will only be paid in U.S. dollars and
3) the government’s participation in the crypto e-wallet (Chivo) will be gradually unwound.
4) For the public sector, engagement in Bitcoin-related economic activities and transactions in and purchases of Bitcoin will be confined
(1) and (3) seem fine, you could see them as bootstrapping measures. Now let's see if companies keep accepting it.
(2) is dubious, the treasury could just exchange BTC to USD to manage the volatility. But is this really about US dollar hegemony feeling threatened, or something more "mundane" such as:
a) the IMF doesn't trust the El Salvador government to handle this competently; or
b) a desire to keep surveilling money flows by forcing them through the fiat banking system
(4) "confined" is a vert flexible term, stay humble, stack sats in a confined manner! View quoted note →
View quoted note →
It would be awesome, but the IMF and World Bank aren’t dumb. I think it is only a matter of time before the #bitcoin is taken from this country.
I predict corruption, and wasted money followed by the loss of bitcoin and an increased dependency on usd.
The US set up and controls the IMF. If Trump is even marginally for Bitcoin, the IMF just gave El Salvador a loan to help with their bitcoin stacking.
imf got scammed 😂 
That would be a huge FU and I would love it
looks like I was wrong.