The well-known IMF vs Bitcoin battle is playing out on El Salvador soil, let’s get the cake:

El Salvador and IMF debate over BTC

     El Salvador is the first country in the world to adopt Bitcoin as a legal tender (since September 2021). The International Monetary Fund (IMF) has urged El Salvador's President Nayib Bukele to sign an agreement stating that Bitcoin will not be purchased in the future, but Bukele has yet to agree and has continued to buy Bitcoin.

Where Bitcoin meets Fiat

     BTC holders prefer to HODL rather than spend, resulting in Bitcoin not becoming a large base of transactions even after it became legal tender, and President Bukele does not miss out on constantly acquiring Bitcoin, resulting in a fiat shortage. El Salvador need fiat currency to conduct business, and the anti-Bitcoin IMF intends to exert pressure on the country.

My point is : Bitcoin will Fix IMF

     All loans must be returned with interest, but the IMF is adding economic stipulations. The IMF may become a barrier to El Salvador's economic independence and, in the future, impose arbitrary loan terms, which may transform El Salvador into a slave country for the IMF's owners. President Bukele knows this, thus his long-term plan to use Bitcoin as an alternative currency system / Reserve is sound.

Originally published at Wubits as thread