IMF Tightens Leash on El Salvador’s Bitcoin Gambit—’No More Stacking Sats’
The IMF isn’t backing down on El Salvador’s Bitcoin experiment. Fresh off their 2021 bet-the-country move to adopt BTC as legal tender, the global finance watchdog is doubling down on pressure to curb further accumulation—because nothing terrifies bureaucrats like a nation-state moonbag.
Behind the scenes: The IMF’s ’recommendations’ are looking more like demands. El Salvador’s Chivo wallet rollout was messy, their dollar reserves are thin, and now the Fund wants to play hall monitor on their treasury strategy. Who knew sovereign nations needed permission to HODL?
The kicker: This comes as Bitcoin flirts with new ATHs—proving Nayib Bukele’s early moves prescient while the IMF clings to spreadsheets forecasting doom. Maybe they’d relax if El Salvador bought some bank-approved ’digital assets’ (read: Wall Street-issued tokenized IOUs) instead.