IMF Doubles Down: El Salvador’s Bitcoin Strategy Is Just Musical Chairs

The IMF isn't buying what El Salvador's selling. Their latest report slams the country's Bitcoin adoption as mere reshuffling—no real economic progress, just crypto sleight of hand.

The Illusion of Innovation

While President Nayib Bukele trumpets Bitcoin as a financial revolution, the IMF sees a shell game. Volatility remains unchecked, dollar reserves still dominate, and citizens mostly shrug. Hardly the 'future of money' pitch deck.

Crypto Colonialism or Genius?

El Salvador's Chivo wallet now holds ~2,381 BTC ($150M at current prices). But with 70% of users abandoning it post-signup bonuses, even Vegas oddsmakers wouldn't bet on adoption rates.

The IMF's verdict? A masterclass in performative fintech—perfect for Twitter hype, less so for GDP growth. Meanwhile, Wall Street quietly shorts the 'legal tender' experiment over margaritas.