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BlackRock is now the biggest Bitcoin advocate, while IMF urges Bitcoin bull country to narrow BTC support

  • El Salvador, which adopted Bitcoin as a legal currency in 2021, is being urged by the IMF to reduce Bitcoin adoption efforts.
  • IMF suggests narrowing the scope of the Bitcoin law, strengthening regulatory framework, and limiting public sector exposure to Bitcoin.
  • El Salvador President Nayib Bukele has not responded to the IMF's comments, indicating his determination for Bitcoin adoption.
  • BlackRock, a major financial firm, is advocating for Bitcoin adoption and highlighting the decline of the US dollar's purchasing power.

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