Global Feed Post Login
Replying to Avatar Sean

My 2 sats on El Salvador taking an IMF loan:

If you look at all of the sources, and see where the news is coming from you can see it's the fiat system fighting back.

It's being pushed by the IMF, WSJ and Bloomberg - all fiat oligarchs.

They are saying they're scaling back Bitcoin purchases but El Sal are still buying 1 Bitcoin daily. Plus, they're also saying 'Legal reforms will make the acceptance of Bitcoin voluntary' - when it always has been - the Salvador people have always had a choice of using dollars, Bitcoin and Tether. And Chivo is not the only wallet available, it's only a national version.

The report is doing it's job 'creating fear, uncertainty and doubt' aka FUD. The agreement still needs finalising. And if they do take it... they have a shit ton of Gold under El Salvador, they could quite easily use a loan to unearth the gold - to sell and buy more Bitcoin, make a profit and still pay the loan plus interest.

Worst case - he gets assassinated, similar to what has happened to Saddam and Gadhafi in the past for trying to enable a gold standard. If so, the price of Bitcoin rockets - verifying its value prop. The network becomes bigger and stronger as a knock on effect.

Regardless, I don't care. Nothing stops this train now.

Avatar
🇮🇹 Ṭø§Č̣āṄɛĻĻø 🇮🇹 1y ago

He's going to buy Bitcoin.

Relax

Reply to this note

Please Login to reply.

Discussion

No replies yet.