El Salvador Doubles Down on Bitcoin Bet—IMF Be Damned

Nayib Bukele’s government scoops up more BTC as global financial institutions wring their hands

Defying Gravity—and the IMF

While the IMF frets about "macroeconomic risks," El Salvador just executed another nine-figure Bitcoin purchase. The move comes despite the country’s ongoing $1.3B loan program with the international lender—because who needs debt covenants when you’ve got diamond hands?

Volatility? What Volatility?

The Central American nation keeps stacking sats even as BTC trades 60% below its ATH. Treasury officials cite "long-term strategic positioning"—or maybe they’re just tired of watching commercial banks skim 8% on remittance fees.

Wall Street Rolls Its Eyes

Goldman Sachs analysts call it "sovereign FOMO," while Citigroup quietly updates its "Emerging Markets Risk" playbook. Meanwhile, Salvadoran street vendors now accept Lightning payments for pupusas—take that, SWIFT network.

Bukele’s gamble could mint a crypto-powered economy... or become the ultimate case study in fiscal Darwinism. Either way, the IMF’s risk assessment team just ordered stronger blood pressure meds.