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.