【IMF money comes with conditions: Should El Salvador not buy crypto anymore?🔥🤔】
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El Salvador finally got the money. The International Monetary Fund has released $138 million. The funds come from a $1.4 billion lending program. The conditions were negotiated for a long time and were once even stalled in the middle. Because of a clause, Bitcoin got dragged into it.😐
More dramatic is that El Salvador didn’t meet the targets. The IMF itself admits that some evaluations were not passed. The “additional Bitcoin accumulation” item is written in there. But in the end, the IMF still granted a waiver. The reason: the corrective measures were tough enough, and the commitments were new enough. The money still gets sent.💰
So what is this new commitment? The IMF’s wording is quite direct. Other than donations already recorded, it will not further accumulate Bitcoin. The government also handed over control of the Chivo wallet. This official wallet has been transferred to private operators. The government says it wants to reduce the state’s involvement in Bitcoin.🔻
Looking back, El Salvador really had the nerve to buy. In 2021, it declared Bitcoin legal tender—the first country in the world to do so. Last November, it even said it would buy 1,090 more Bitcoins. At the time, that was worth about $100 million. Whether this ledger is a profit or a loss is up for debate in the market.🧮
Now the winds have shifted. To get the money, the country has to buy fewer coins. The nation’s credit and belief in Bitcoin are being weighed on a balance. Regular retail investors reading this news can see something. Even a sovereign country has to negotiate with the rules. If you want to hold coins long-term, you’ll have to think it through yourself.⚖️
Even more crucial is the signal. When a government-level player pauses accumulation, sentiment will definitely be affected. But from another angle, none of the coins it holds has been sold. It’s just not adding more. That’s completely different from being forced to dump everything. Don’t mistake a pause for exiting the market.🕰️
📌 In one sentence: The IMF’s money has arrived. El Salvador’s Bitcoin-buying button has been paused for now—but it hasn’t sold a single coin.
Do you think El Salvador will add to its holdings next? Let’s discuss in the comments section.
Join X先生’s fan group chat on the homepage🔥
El Salvador finally got the money. The International Monetary Fund has released $138 million. The funds come from a $1.4 billion lending program. The conditions were negotiated for a long time and were once even stalled in the middle. Because of a clause, Bitcoin got dragged into it.😐
More dramatic is that El Salvador didn’t meet the targets. The IMF itself admits that some evaluations were not passed. The “additional Bitcoin accumulation” item is written in there. But in the end, the IMF still granted a waiver. The reason: the corrective measures were tough enough, and the commitments were new enough. The money still gets sent.💰
So what is this new commitment? The IMF’s wording is quite direct. Other than donations already recorded, it will not further accumulate Bitcoin. The government also handed over control of the Chivo wallet. This official wallet has been transferred to private operators. The government says it wants to reduce the state’s involvement in Bitcoin.🔻
Looking back, El Salvador really had the nerve to buy. In 2021, it declared Bitcoin legal tender—the first country in the world to do so. Last November, it even said it would buy 1,090 more Bitcoins. At the time, that was worth about $100 million. Whether this ledger is a profit or a loss is up for debate in the market.🧮
Now the winds have shifted. To get the money, the country has to buy fewer coins. The nation’s credit and belief in Bitcoin are being weighed on a balance. Regular retail investors reading this news can see something. Even a sovereign country has to negotiate with the rules. If you want to hold coins long-term, you’ll have to think it through yourself.⚖️
Even more crucial is the signal. When a government-level player pauses accumulation, sentiment will definitely be affected. But from another angle, none of the coins it holds has been sold. It’s just not adding more. That’s completely different from being forced to dump everything. Don’t mistake a pause for exiting the market.🕰️
📌 In one sentence: The IMF’s money has arrived. El Salvador’s Bitcoin-buying button has been paused for now—but it hasn’t sold a single coin.
Do you think El Salvador will add to its holdings next? Let’s discuss in the comments section.
