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El Salvador Adds More Bitcoin Despite IMF Warning

  • El Salvador has added more Bitcoin valued at over $834,000, following a 30-day accumulation of 30 BTC totaling $3.1 million.
  • Despite IMF warnings to halt further BTC acquisitions due to financial stability and debt risks, President Nayib Bukele remains committed to El Salvador's Bitcoin investment strategy.
  • Bukele's administration emphasizes Bitcoin's long-term value appreciation and independence from traditional financial systems, showing confidence in Bitcoin as a store of value and strategic asset.
  • While the IMF urges caution citing volatility and fiscal risks, El Salvador continues its Bitcoin accumulation trend, positioning itself as a pioneer in state-level Bitcoin adoption.

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