Regarding the IMF “urging El Salvador to remove Bitcoin as Legal Tender”…
https://ift.tt/IVALzBmEG
Bullish!
Yes… “This is GOOD for Bitcoin!”…
This is the best endorsement Bitcoin could possibly have. Now, large sectors of society that either were against or ignoring Bitcoin, will go “…hmmm…” and see it in a new positive light.
It’s like if Satan would say: “World, I urge you to remove electricity as your source of energy”.
Or Hitler: “Allied Countries, I urge you to remove your weapons and armies as a means of defense”.
…Money Badger don’t give a fuck!
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([Source of IMF statement*](https://twitter.com/AFP/status/1486051087736094729?s=20))
> The International Monetary Fund is pushing El Salvador to ditch bitcoin as legal tender, according to a statement released on Tuesday.
>
> IMF directors “stressed that there are large risks associated with the use of bitcoin on financial stability, financial integrity, and consumer protection, as well as the associated fiscal contingent liabilities.”
>
> The report, which was published after bilateral talks with El Salvador, went on to “urge” authorities to narrow the scope of its bitcoin law by removing bitcoin’s status as legal money. In September 2021, the Central American nation became the world’s first country to adopt the cryptocurrency as legal tender, alongside the U.S. dollar.
>
> Salvadoran President Nayib Bukele — who has tethered his political fate to the success of the country’s bitcoin experiment — has added hundreds of bitcoin to the country’s balance sheet in recent months. On Friday, the president tweeted that he bought an additional $15 million of “really cheap” bitcoin.
https://ift.tt/UqTKXmJG4
Cryptocurrency
