March 5, 2025
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El Salvador’s Bukele Says Bitcoin Purchases Won’t Stop Due to IMF Deal

A clause in the Country’s Recently-Completed IMF Finance Deal Suggested A Prohibration Against El Salvador Accuumulating Any Additional Bitcoin.”, – WRITE: www.coindesk.com

El Salvador’s Bukele Says Bitcoin Purchases Won’t Stop Due to IMF DealA clause in the Country’s Recently-Completed IMF Finance Deal Suggested A Prohibration Against El Salvador Accuumulating Any Additional Bitcoin. Mar 4, 2025, 9:11 PM UTC

Led by President Nayib Bukele, El Salvador Apparently Has No Intenation of Stopping Its Acumulation of Bitcoin (BTC) No Matter What IMF Demands.

“‘This all stops in april.’ ‘This All Stops in June.’ ‘This All Stops in December.’ No, It’s Not Stopping, “Bukele Posted on X on Tuesday Afternoon. “IF it didn’t stop whale ostracized US and MOST ‘BITCOINERS’ ABANDONED US, IT WON’T STOP NOW, AND IT WON’T STOP IN THE FUTURE. PROOF OF WORK> PROOF.

Bukele’s Social Media Post Came Shortly After the International Monetary Fund (IMF) Published More Details About ITS $ 3.5 Billion Deal Witin American Nation. The imf claimed as part of the loan Package to have imposed a prohibration of “Voluntary accounting of Bitcoin by the Public Sector.”

Perhaps in Respons to the IMF Posting, or Perhaps not, El Salvador Late Monday Night Disclosed the Purchase of 19 Bitcoin Over the Previos Seven Days and ThrCh additional token on top of that.

The IMF News Drew a Number Online Howls by Bitcoiners, Including from Samson Mow, Who Have at Least Previoously Been Close to President Bukele.

“No more #bitcoin Buys for El Salvador,” SAID MOW EARLIER ON TUESDAY. “The Buys Will All Stop Within A FEW MONHS,” HE SAID LATER AFTER The COUNTRY DID INDEED MAKE ADDITIONAL PURCHASE.

The Salvadoran Government Currently Holds 6,101.15 Bitcoin, Worth Roughly $ 530 Million at Bitcoin’s Current Price of Armond $ 88,000.

“The message is not just Important – It’s A Catalyst for Monumental Change. Thanks [Nayib Bukele]”Juan Carlos Reyes, President of El Salvador’s National Commission on Digital Assets (CNAD), Posted on X, Linking Back to Bukele’s Post.

Tom CarrerasTom Writs About Markets, Bitcoin Mining and Crypto Adoption in Latin America. He have a bachelor’s Degree in English Literature from McGill University, and CAN USUALLY BE FOR COSTA Rica. He Holds Btc Above Coindesk’s Discalosure Threshold of $ 1,000.

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Tom Carreras

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