⚡️NEW: 🇸🇻 El Salvador removes Bitcoin's legal tender status and makes its acceptance voluntary, in line with IMF requirements for 💵 $1.4B credit line.
What do you think? #asknostr
Discussion
bukake 💦
nostr:note1haxemrnn4n9xugda8kwadj3h26pevw6e376tq9u25hx49tf9jp9s83gv69
I think they paid off there prior loan from buying #bitcoin the last 12 to 18 months.
Now they want another loan, but had to abide by IMF regulations to get it.
in the long-term my bet is that they are gonna use the loan to stack more Bitcoin into the bear market.
long term vision?
Sauce please?
It’s been 3 years since the Legal Tender law, and there’s almost no IRL Bitcoin presence there. I’ve been three times, in ‘21, ‘22, and this year; Sure there are outliers like El Zonte, but the adoption amongst citizens and businesses is worse today than it was in ‘22. Bukele didn’t really give up anything imo, Salvadoran people sort of quiet quit on the legal tender law
If they buy bitcoin with the loan it makes total sense.