El Salvador Defies IMF! Reaffirms Support for Bitcoin, No Plans to Stop Buying!
TradingKey - El Salvador has ignored the International Monetary Fund's (IMF) ban and continues to increase its Bitcoin holdings.
On Wednesday, El Salvador's President Nayib Bukele reaffirmed his stance on Bitcoin, posting on X, "El Salvador has no intention of stopping the purchase of Bitcoin (BTC), no matter what the International Monetary Fund (IMF) demands."
Content posted by Nayib Bukele, Source: X.
Shortly after Bukele's post, the IMF disclosed details of a $3.5 billion loan agreement with the country, stating, "As part of the loan program, the public sector has been prohibited from voluntarily accumulating Bitcoin." In response, El Salvador added 1 Bitcoin to its holdings, seemingly defying the IMF's ban.
Over the past 24 hours, Bitcoin has rebounded by 1%, temporarily trading at $86,670. Currently, the Salvadoran government holds a total of 6,100 Bitcoins, valued at approximately $530 million.
Related Articles
Costco Stock: What to Watch With Upcoming Q2 FY2025 Earnings
TradingKey - For US consumers, prices are likely to have to go up if these tariffs remain in place longer term. That’s an issue for retailers in the US and one of the largest around is big box retailer Costco Wholesale Corporation (NASDAQ: COST).
US Stock Market’s 2025 Outlook: Navigating the Shifting Landscape
TradingKey - Anyone who has invested in US stocks in 2024 will be happy. The US stock market has delivered an absolutely blockbuster performance so far this year, with the S&P 500 Index soaring 26.9% year-to-date (as of December 16), reaching record highs.
5 Top Semiconductor Stocks to Watch in 2025
TradingKey - The semiconductor industry is the backbone of modern technology, driving innovations in artificial intelligence (AI), cloud computing, gaming, and more.
.jpg)