IMF just greenlit $138M to El Salvador after waiving their $BTC buying ban.
The catch? No more state $BTC buys unless it's donations. Government crypto involvement getting scaled back hard.
Bullish for adoption? Debatable. But Bukele just got his bailout money while keeping the existing stack intact. Classic macro compromise—IMF gets control, El Salvador keeps the bags.
Watch how this plays out for other nations eyeing Bitcoin reserves. The precedent is set: you can hold, but don't stack aggressively if you need IMF cash.
The catch? No more state $BTC buys unless it's donations. Government crypto involvement getting scaled back hard.
Bullish for adoption? Debatable. But Bukele just got his bailout money while keeping the existing stack intact. Classic macro compromise—IMF gets control, El Salvador keeps the bags.
Watch how this plays out for other nations eyeing Bitcoin reserves. The precedent is set: you can hold, but don't stack aggressively if you need IMF cash.