Wazi, you are a traitor!
The El Salvadorian Congress has amended the Bitcoin Act, and Bitcoin is no longer their legal tender.
It is hard to say whether this has anything to do with the price plunge today, but it is indeed a bit discouraging.
To put it bluntly, this experiment failed. Whether it was forced by the International Monetary Fund or something else, it couldn't bear it anyway.
The specific situation is this: The International Monetary Fund has been pressuring El Salvador for almost two years, saying that it will give them a loan of 1.4 billion US dollars, and the condition is to "reduce Bitcoin risks."
In order to get this money, President Bukele had to change the law by the end of January. As a result, it was really changed.
Today, Bitcoin fell below 100,000 USDT, and SOL is about to fall to 200.
To be honest, it is a bit confusing. So many countries say that they want to use Bitcoin as a strategic reserve asset, but the total amount is not rising, but falling instead.
But it's normal, window paper!
$BTC
The El Salvadorian Congress has amended the Bitcoin Act, and Bitcoin is no longer their legal tender.
It is hard to say whether this has anything to do with the price plunge today, but it is indeed a bit discouraging.
To put it bluntly, this experiment failed. Whether it was forced by the International Monetary Fund or something else, it couldn't bear it anyway.
The specific situation is this: The International Monetary Fund has been pressuring El Salvador for almost two years, saying that it will give them a loan of 1.4 billion US dollars, and the condition is to "reduce Bitcoin risks."
In order to get this money, President Bukele had to change the law by the end of January. As a result, it was really changed.
Today, Bitcoin fell below 100,000 USDT, and SOL is about to fall to 200.
To be honest, it is a bit confusing. So many countries say that they want to use Bitcoin as a strategic reserve asset, but the total amount is not rising, but falling instead.
But it's normal, window paper!
$BTC
