Led by President Nayib Bukele, El Salvador apparently has no intention to stop his accumulation of Bitcoin (BTC), regardless of what the IMF requires.
“” Everything that stops in April. “” Everything that stops in June. “Everything that stops in December. No, it doesn’t stop,” Bukele posted on Tuesday afternoon. “If that did not stop when the world has ostraca and most of the” bitcoiners “have abandoned us, that will not stop now, and it will not stop in the future. Proof of work> Proof of groans.”
Bukele’s public media publication intervened shortly after the International Monetary Fund (IMF) published more details on its $ 3.5 billion agreement with the Latin American nation. The IMF said that as part of the loan package that imposed a ban on “the voluntary accumulation of Bitcoin by the public sector”.
Perhaps in response to the publication of the IMF, or perhaps not, El Salvador on Monday evening, revealed the purchase of 19 bitcoin in the previous seven days, then Tuesday afternoon, revealed the purchase of an additional token in addition to that.
The IMF news attracted an online number of howls by bitcoiners, including Samson Mow, which was at least before president Bukele.
“More #Bitcoin buy for El Salvador,” said Mow earlier on Tuesday. “Purchases will all stop in a few months,” he said later after the country has actually made an additional purchase.
The Salvadoran government currently has 6,101.15 Bitcoin, worth around $ 530 million at the current Bitcoin price of around $ 88,000.
“The message is not only important – it is a catalyst for monumental change. Thank you [Nayib Bukele]”Juan Carlos Reyes, president of the National Commission of El Salvador on digital assets (CNAD), published on X, connecting the Bukele position.
