‚Salvadoran President Nayib #Bukele raised eyebrows among industry observers on March 4 when he said that his government’s #Bitcoin purchases won’t stop, despite a requirement from the International Monetary Fund (#IMF).‘
https://cointelegraph.com/news/bukele-bitcoin-imf-loan-agreement
It sounds like the prospect for El Salvador to become a model for a Bitcoin nation is dead.
Sounds like Bukele wants to buy more Bitcoin and someone who regularly lends him money don‘t want that to happen.
Yes, but they mention the deadline of April in the article. My understanding is that contractually these purchases will have to stop by April (although the article isn’t totally clear on the matter). Why would Bukele enters an agreement with the IMF which includes a clause to stop the purchase/mining of bitcoins with he doesn’t intend to respect it? I think he may have got some backlash for it and as the article says: “tries to save face” but ultimately he would have to stop unless entering in frontal conflict with the IMF is part of the plan.
I used to enter these type of agreements with my Ex wife, they failed, hence the ex. Bitcoiners gonna Bitcoin.
