El Salvador’s Bitcoin Bet Defies IMF Warnings Amid $386M Unrealized Gains
El Salvador’s unwavering commitment to Bitcoin continues to strain its relationship with the International Monetary Fund (IMF), even as the country secures a $120 million disbursement from a larger $1.4 billion loan package. President Nayib Bukele’s administration persists in accumulating Bitcoin for its national treasury, directly opposing IMF recommendations to reduce government exposure to cryptocurrencies. As of now, El Salvador holds over 6,190 BTC, with unrealized gains amounting to $386 million. The current BTC price stands at 108,793.66 USDT, reflecting the volatile yet potentially lucrative nature of the country’s bold crypto strategy. This ongoing clash highlights the tension between traditional financial institutions and innovative digital asset adoption at the sovereign level.
El Salvador vs. IMF: The Battle Over Bitcoin Continues
El Salvador’s defiant Bitcoin strategy has reignited tensions with the International Monetary Fund. Despite securing a $120 million disbursement from a $1.4 billion loan package, President Nayib Bukele’s administration continues accumulating BTC—directly contradicting IMF demands to halt government crypto exposure.
The Central American nation now holds over 6,190 BTC in its treasury, boasting $386 million in unrealized gains. Its ’one bitcoin per day’ purchasing policy persists through non-government entities, exploiting technical compliance loopholes while flouting the spirit of IMF conditions.
With $3.5 billion in additional funding contingent on economic reforms, including shuttering the Chivo wallet by July, this high-stakes standoff may redefine sovereign crypto adoption. Market observers watch closely as El Salvador’s unorthodox monetary experiment challenges traditional financial governance.
Violent Bitcoin Kidnapping Case Unfolds in New York Luxury Mansion
An Italian tourist’s escape from a SoHo townhouse has exposed a brutal cryptocurrency ransom scheme. Two men—William Duplessie, 32, and John Woeltz, 37—allegedly imprisoned and tortured the victim for 17 days to extract access to his multimillion-dollar Bitcoin wallet. The assailants, self-described crypto entrepreneurs, reportedly used electrical shocks, a chainsaw, and rooftop threats in their failed extortion attempt.
NYPD recovered firearms, narcotics, and Polaroid evidence from the $40,000/month rental property. The case highlights extreme criminal risks facing high-net-worth crypto holders, though such violence remains exceptionally rare in digital asset markets. Bitcoin’s pseudonymous nature didn’t prevent authorities from swiftly apprehending both suspects.
Bitcoin Price Analysis: May Rally and Lark Davis’s Take on Market Top Signals
Bitcoin’s price trajectory remains a focal point for investors as it approaches a pivotal juncture in its market cycle. The cryptocurrency began May trading NEAR $94,146, then surged 18.66% to $111,970 by May 22—only to experience a brief 3.9% correction before rebounding 1.5% the following day. Current levels hover around $108,789, just 2.8% below its all-time high.
Crypto analyst Lark Davis disputes claims of an impending market top, citing the Net Realised Profit and Loss (NPL) indicator as evidence of further upside potential. The metric, which tracks unrealized gains across Bitcoin holders, suggests sustained bullish momentum despite recent volatility.
Robert Kiyosaki Warns of ‘Greater Depression’, Predicts Bitcoin to $1 Million
Robert Kiyosaki, author of ’Rich Dad Poor Dad,’ has issued a stark warning about the U.S. economy, predicting a collapse worse than the Great Depression. His solution? Bitcoin, which he forecasts could surge to $1 million by 2035 as investors flee traditional assets.
Kiyosaki cites alarming economic indicators: national debt at $36.22 trillion, record credit card debt nearing $1.21 trillion, rising unemployment, and dwindling retirement savings. He dubs the looming crisis the ’Greater Depression,’ urging a pivot from stocks and bonds to gold, silver, and Bitcoin.
’The old rules won’t work,’ Kiyosaki asserts. His viral social media posts frame Bitcoin as the ultimate hedge against systemic failure, a bet on scarcity amid inflationary policies.
Trump Media & Technology Group Ventures into Crypto with Bitcoin Treasury Purchase
Trump Media & Technology Group, the family firm of former US President Donald Trump, is making a bold MOVE into the cryptocurrency space. The company plans to allocate $1.5 billion from stock sales and $1 billion from convertible bonds to purchase Bitcoin for its treasury, mirroring the strategy pioneered by Michael Saylor’s MicroStrategy.
The announcement follows last week’s revelation of plans to launch Truth.Fi-branded financial products, including exchange-traded funds and separately managed accounts aligned with Trump’s political agenda. This expansion into digital assets raises questions about potential conflicts of interest between Trump’s business ventures and his political influence.
The Bitcoin accumulation strategy directly emulates MicroStrategy’s successful playbook of using capital markets to fund cryptocurrency acquisitions. As Wall Street develops increasingly sophisticated crypto investment vehicles—from enhanced ETFs to tokenized funds—the move signals growing institutional acceptance of digital assets as treasury reserves.
