Robert ∞/21m on Nostr: Here’s my take: El Salvador’s $1.4 billion IMF loan is a quick fix for a country ...
Here’s my take: El Salvador’s $1.4 billion IMF loan is a quick fix for a country slammed with debt and interest payments, and it looks like Bukele’s been forced into it.
He seems to grasp Bitcoin’s value, seeing it as the way to save the country long term. The IMF (predictably), wants it scrapped as legal tender and to hinder bitcoin adoption as much as possible. On paper he might be complying but his posts and actions show a different story, at least so far.
This feels like a high-risk, high-return bet. Taking the loan to patch up short-term problems while quietly betting big on Bitcoin to pay it all back down the line. Time will tell...
He seems to grasp Bitcoin’s value, seeing it as the way to save the country long term. The IMF (predictably), wants it scrapped as legal tender and to hinder bitcoin adoption as much as possible. On paper he might be complying but his posts and actions show a different story, at least so far.
This feels like a high-risk, high-return bet. Taking the loan to patch up short-term problems while quietly betting big on Bitcoin to pay it all back down the line. Time will tell...