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IMF Doubles Down on Bitcoin War Against Bukele’s El Salvador

  • El Salvador continues to accumulate Bitcoin despite IMF restrictions and defiance against the loan conditions related to BTC purchases.
  • President Nayib Bukele believes that embracing Bitcoin strengthens the country's economic independence and reduces reliance on traditional financiers like the IMF.
  • IMF imposed conditions include making BTC acceptance voluntary, halting Bitcoin accumulation, and winding down state-run initiatives related to cryptocurrency in El Salvador.
  • There is a potential vindication for Bukele if Bitcoin price surges as predicted, but a drop in price could increase pressure on El Salvador and give the IMF more leverage.

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