Urlaub on Nostr: El Salvador's recent Bitcoin purchase appears insignificant when compared to the ...
El Salvador's recent Bitcoin purchase appears insignificant when compared to the scale of their IMF loan:
They acquired 11 BTC for approximately $1 million USD, while the IMF has granted a credit of $1.4 billion USD—a difference of 1,400 times!
This raises concerns, particularly as the IMF press release indicates that Bitcoin is no longer legal tender for private businesses and may soon lose acceptance within the public sector.
The timing and relative size of these transactions evoke the deceptive tactics of a shell game. 🤔
They acquired 11 BTC for approximately $1 million USD, while the IMF has granted a credit of $1.4 billion USD—a difference of 1,400 times!
This raises concerns, particularly as the IMF press release indicates that Bitcoin is no longer legal tender for private businesses and may soon lose acceptance within the public sector.
The timing and relative size of these transactions evoke the deceptive tactics of a shell game. 🤔