El Salvador Keeps Stacking Sats: Will Trump Give Bukele Cover from IMF?
- Bukele to meet Trump amid El Salvador’s $1.4B IMF deal tied to Bitcoin constraints.
- Trump’s potential pro-Bitcoin stance could shift global crypto politics.
- BTC nears $85K after breaking downtrend, showing strength amid macro volatility.
As Bitcoin pushes toward $84,000, attention turns to a high-profile White House meeting between El Salvador’s President Nayib Bukele and US President Donald Trump. Speculation swirls on whether Bitcoin (BTC) will be a central topic.
The timing is notable: El Salvador recently secured a $1.4 billion IMF loan package. Reports indicate this deal includes restrictions on the nation’s public-sector Bitcoin initiatives, impacting merchant mandates and the state-run Chivo wallet.
How Is El Salvador Handling IMF Pressure on Bitcoin?
Despite apparent IMF pressure for fiscal discipline, El Salvador’s National Bitcoin Office remains defiant. Officials confirmed the country will continue its “one Bitcoin a day” purchase strategy and has no plans to sell its current holdings of 5,968.8 BTC, valued at over $600 million.
“Bitcoin continues to be our main strategy,” a spokesperson said. However, as per critics, the…
The post El Salvador Keeps Stacking Sats: Will Trump Give Bukele Cover from IMF? appeared first on Coin Edition.
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El Salvador Keeps Stacking Sats: Will Trump Give Bukele Cover from IMF?
- Bukele to meet Trump amid El Salvador’s $1.4B IMF deal tied to Bitcoin constraints.
- Trump’s potential pro-Bitcoin stance could shift global crypto politics.
- BTC nears $85K after breaking downtrend, showing strength amid macro volatility.
As Bitcoin pushes toward $84,000, attention turns to a high-profile White House meeting between El Salvador’s President Nayib Bukele and US President Donald Trump. Speculation swirls on whether Bitcoin (BTC) will be a central topic.
The timing is notable: El Salvador recently secured a $1.4 billion IMF loan package. Reports indicate this deal includes restrictions on the nation’s public-sector Bitcoin initiatives, impacting merchant mandates and the state-run Chivo wallet.
How Is El Salvador Handling IMF Pressure on Bitcoin?
Despite apparent IMF pressure for fiscal discipline, El Salvador’s National Bitcoin Office remains defiant. Officials confirmed the country will continue its “one Bitcoin a day” purchase strategy and has no plans to sell its current holdings of 5,968.8 BTC, valued at over $600 million.
“Bitcoin continues to be our main strategy,” a spokesperson said. However, as per critics, the…
The post El Salvador Keeps Stacking Sats: Will Trump Give Bukele Cover from IMF? appeared first on Coin Edition.
Read More
Peter Schiff Explains Why Trump’s Economic Policies Outweigh the Good