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In an unprecedented financial clearing, Salvador plays his versatile on the world chessboard. Despite the AMF warning and a $ 1.4 billion loan provided under the conditions, Nayib Bukele persists: the country always buys more bitcoins. Risky but supposed bet.
BUKELE VS MMF: A duel on top of global financing
3rd March 2025 IMF provides a historical loan in Salvador… with a shock clause: Stop buying bitcoins. In exchange for vital means for its economy, the government must give up its crypto strategy. Refused in a block of Bukele. “They won’t stop,” he says, announcing the daily adding BTC to national reserves.
However, the contract signed by the Salvadorian Central Bank promised the end of acquisitions. Paradox? Rather calculated maneuver.
Salvador discreetly accumulates 6 101 BTC since 2021 and openly defies the recommendations of the IMF. “If it didn’t stop when the world turned to us, why now?” “He says Bukele. Camouflet for an institution that now requires complete transparency in public portfolios.
Between the lines, the report is clear: Salvador uses the IMF loan as an economic shield while maintaining its sovereign search for bitcoins. A double edge strategy where each BTC bought a gap with international creditors.
Bitcoin or Bust: The Underly of the Economic Revolution
Since 2021, Salvador has been betting on bitcoins as a transformation lever. Target? Reduce addiction to the dollar, attract crypto investors and redraw its financial identity. Since Bitcoin has earned daily, the country requires a reserve worth almost $ 400 million. But at what price?
Critics are fused: market volatility, opacity transactions, risk of sanctions. The IMF warns “macroeconomic vulnerability”, while local farmers condemn disconnected priorities.
But Bukele camps in his positions. His shock argument: Bitcoin is an inflation insurance and emancipatory tool. “We write history,” insists and transforms the country into a monetary laboratory.
As a result, Salvador becomes a symbol. Radical bitcoiners consider this to be a model, institutions case of school of financial disobedience. Meanwhile, shopping continues, funded from public funds … and perhaps from the IMF loan itself. Cruel irony: Funds to stabilize the economy feed on the dynamics considered unstable. And yet, with Trump’s customs taxes, even American markets are vaccinated.
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Evariste, fascinated by Bitcoin since 2017, has not stopped documenting on this topic. If his first interest has fallen in trading, he is now actively trying to detain all the advances on cryptocurrencies. As an editor, he tries to permanently provide high quality work that reflects the condition of the sector as a whole.
Renunciation
The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.