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Unafraid of IMF pressure to "reduce BTC investment"! Instead of heeding advice, El Salvador is buying more
Even under pressure from the International Monetary Fund (IMF) to reduce BTC investments, El Salvador once again demonstrated its determination to embrace BTC with practical actions, buying more BTC and surpassing the original pace of "purchasing 1 BTC per day".
After four years of negotiations and tug-of-war, El Salvador reached a $1.4 billion loan agreement with the IMF earlier this month, which required concessions on BTC-related policies in order to obtain much-needed financial assistance.
According to a statement released by the IMF on December 18, as part of the agreement, the Salvadoran government has agreed to "reduce BTC purchases" and will no longer accept BTC for taxes or mandatory acceptance of BTC payments.
However, Stacy Herbert, the Director of the Bitcoin Office in El Salvador, later emphasized in a post that the pace of El Salvador's BTC purchases will not only not stop, but will also continue to accelerate.
On the day of the IMF statement alone, El Salvador bought 12 BTC, increased its holdings by 1 the next day, bought another 12 on December 21, and then resumed the rhythm of steadily buying 1 BTC per day.
According to official data, El Salvador has accumulated 5,998.77 BTC to date, worth about $577 million.
〈Unafraid of IMF pressure to "reduce BTC investment"! El Salvador did not listen to the advice, but bought more" This article was first published in "Blockers".