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El Salvador Doubles Down on Bitcoin Purchases Despite IMF Pressure
El Salvador Doubles Down on Bitcoin Purchases Despite IMF Pressure
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El Salvador’s finance minister confirms the country continues accumulating Bitcoin—even after securing an IMF deal. The move defies traditional financial wisdom and reinforces President Bukele’s high-risk, high-reward crypto strategy.
Why it matters: This marks the first nation-state to institutionalize Bitcoin as treasury reserve asset, creating a real-time experiment in monetary sovereignty. The IMF’s ’concerns’ now look more like background noise.
Between the lines: While Wall Street hedges, El Salvador buys the dip—using taxpayer money. Either this becomes a masterclass in asymmetric investing, or a cautionary tale for crypto-nationalists. (Bonus jab: At least they’re not buying NFTs.)
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