The IMF “loosens the leash” on El Salvador: the country violated the rules on Bitcoin purchases, but still gets the transfer! 💸🇸🇻
A few days ago, we thought the IMF’s green light for the disbursement of $1.4 billion had settled the matter. But now El Salvador has quietly exceeded its Bitcoin purchase limit and has been reprimanded by the IMF! And yet, surprise: the IMF has just completed its second and third reviews back-to-back, officially granted a waiver #imfgrantswaiverforelsalvadorbitcoinbreach , and immediately disbursed $139 million!
In exchange, the IMF demanded that President Bukele promise to “buy no more BTC” (except those received as gifts) and make his accounts transparent. Clever people like that are everywhere where I live!
🎯 What should you do as a trader? The fact that the IMF is being less strict toward Bitcoin is a very positive signal. Stay the course and accumulate when prices are attractive!
⚠️ This does not constitute financial advice.
$BTC
$OGN
$MET
A few days ago, we thought the IMF’s green light for the disbursement of $1.4 billion had settled the matter. But now El Salvador has quietly exceeded its Bitcoin purchase limit and has been reprimanded by the IMF! And yet, surprise: the IMF has just completed its second and third reviews back-to-back, officially granted a waiver #imfgrantswaiverforelsalvadorbitcoinbreach , and immediately disbursed $139 million!
In exchange, the IMF demanded that President Bukele promise to “buy no more BTC” (except those received as gifts) and make his accounts transparent. Clever people like that are everywhere where I live!
🎯 What should you do as a trader? The fact that the IMF is being less strict toward Bitcoin is a very positive signal. Stay the course and accumulate when prices are attractive!
⚠️ This does not constitute financial advice.
$BTC
$OGN
$MET