El Salvador Continues Bitcoin Purchases Despite IMF Warnings
- El Salvador’s government, led by Nayib Bukele, is still buying Bitcoin despite an IMF warning.
- The IMF’s $1.4 billion loan agreement prohibits further Bitcoin purchases.
- Economy Minister Maria Luisa Hayem confirmed ongoing BTC acquisitions.
- The nation buys approximately 1 BTC daily, holding over 6100 BTC valued at $570 million.
- BTC prices recently traded at around $95K, approaching previous highs.
Despite the IMF’s restrictions tied to a $1.4 billion loan, El Salvador continues to acquire Bitcoin daily, amassing over 6100 BTC worth more than $570 million as of the latest data.
Source (2.6)https://coingape.com/el-salvador-prioritizes-bitcoin-buying-despite-warning-heres-all/?rand=24432
