{"id":28981,"date":"2025-05-28T11:46:56","date_gmt":"2025-05-28T11:46:56","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=28981"},"modified":"2025-05-28T11:46:56","modified_gmt":"2025-05-28T11:46:56","slug":"imf-doubles-down-on-bitcoin-war-against-bukeles-el-salvador","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=28981","title":{"rendered":"IMF Doubles Down on Bitcoin War Against Bukele\u2019s El Salvador"},"content":{"rendered":"<div>\n<p><em>El Salvador is defiant and continues to accumulate more Bitcoin despite IMF restrictions. Will a BTCUSDT rally to $120,000 and $500,000 vindicate President Nayib Bukele?<\/em><\/p>\n<p><span data-preserver-spaces=\"true\">El Salvador made history when it became the first country to legitimize Bitcoin, adopting it as an official legal tender. Since endorsing Bitcoin, El Salvador has attracted major corporations, including Tether, the issuer of USDT. The stablecoin plays a key role in crypto, allowing investors to get exposure in some of the <\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/crypto-presales\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"><span data-preserver-spaces=\"true\">hottest presales in 2025<\/span><\/a><span data-preserver-spaces=\"true\">.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Nayib Bukele and El Salvador created a Bitcoin Reserve outside the public sector and have steadily accumulated the coin since August 2021. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The country now controls 6,189 BTC and may continue to acquire more, defying efforts by the International Monetary Fund (IMF) to halt this bold Bitcoin experiment.<\/span><\/p>\n<p><strong>EXPLORE:\u00a0<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/new-cryptocurrency\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">Best New Cryptocurrencies to Invest in 2025<\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">The IMF Wants El Salvador To Stop Buying Bitcoin<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">The tug-of-war between El Salvador and the IMF stems from a $1.4 billion Extended Fund Facility (EFF) loan agreement, which was finalized in December 2024 and <\/span><span data-preserver-spaces=\"true\">is set to<\/span><span data-preserver-spaces=\"true\"> run for 40 months.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">This standoff reveals an ideological battle over Bitcoin and crypto role in global finance. The IMF imposed several conditions <\/span><span data-preserver-spaces=\"true\">as part of<\/span><span data-preserver-spaces=\"true\"> the loan agreement, including restricting El Salvador\u2019s ability to buy more BTC.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Despite these constraints, Bukele\u2019s government continues to purchase BTC, defying IMF pressure. In March, the president posted on X that they won\u2019t stop buying BTC. <\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\u201cThis all stops in April.\u201d \u201cThis all stops in June.\u201d \u201cThis all stops in December.\u201d<\/p>\n<p>No, it\u2019s not stopping.<\/p>\n<p>If it didn\u2019t stop when the world ostracized us and most \u201cbitcoiners\u201d abandoned us, it won\u2019t stop now, and it won\u2019t stop in the future.<\/p>\n<p>Proof of work &gt; proof of whining <a href=\"https:\/\/t.co\/9pC0PoY3YQ\" target=\"_blank\" rel=\"nofollow\">https:\/\/t.co\/9pC0PoY3YQ<\/a><\/p>\n<p>\u2014 Nayib Bukele (@nayibbukele) <a href=\"https:\/\/twitter.com\/nayibbukele\/status\/1897019629702410551?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">March 4, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span data-preserver-spaces=\"true\">As of May 28, 2025, Bitcoin Treasuries data confirms El Salvador holds 6,189 BTC. Even after the December 2024 loan agreement, El Salvador has consistently added BTC, with near-daily purchases in 2025.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-242255 size-full\" src=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-28T120744.080.png\" alt=\"El Salvador accumulating more Bitcoin despite IMF restrictions. Will a BTCUSDT rally to $120,000 vindicate President Nayib Bukele?\" width=\"1242\" height=\"597\" srcset=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-28T120744.080.png 1242w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-28T120744.080-300x144.png 300w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-28T120744.080-1024x492.png 1024w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-28T120744.080-768x369.png 768w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-28T120744.080-130x63.png 130w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-28T120744.080-50x24.png 50w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-28T120744.080-308x148.png 308w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/05\/Screenshot-2025-05-28T120744.080-350x168.png 350w\" sizes=\"auto, (max-width: 1242px) 100vw, 1242px\"><\/p>\n<p><strong><span data-preserver-spaces=\"true\">(<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/bitcointreasuries.net\/entities\/el-salvador\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">Source<\/span><\/a><span data-preserver-spaces=\"true\">)<\/span><\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">President Bukele believes embracing Bitcoin bolsters their economic sovereignty, making it attractive to crypto-leaning investors, some of whom are involved in some of the <\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-meme-coin-icos\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"><span data-preserver-spaces=\"true\">best meme coin ICOs<\/span><\/a><span data-preserver-spaces=\"true\">. Doubling down on Bitcoin also reduces reliance on traditional financiers like the IMF. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">On the other hand, the IMF views El Salvador\u2019s Bitcoin accumulation as a high-stakes gamble, arguing that the coin\u2019s volatility threatens its fragile economy.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Accordingly, the IMF extended the $1.4 billion loan but targeted the country\u2019s Bitcoin policy to stabilize El Salvador\u2019s economy and boost its foreign reserves. The IMF demands that El Salvador make BTC acceptance voluntary for private businesses, effectively stripping its mandatory legal tender status. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Additionally, the IMF requires <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.imf.org\/en\/News\/Articles\/2025\/05\/27\/pr-25162-el-salvador-imf-reaches-agreement-on-the-1st-rev-under-eff\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">halting<\/span><\/a><span data-preserver-spaces=\"true\"> Bitcoin accumulation, publicizing government-controlled Bitcoin wallet addresses, liquidating the Fidebitcoin fund by July 2025, and winding down the state-run Chivo Wallet.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Nayib Bukele Defiant, Accumulating BTC<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Nevertheless, El Salvador is openly flouting these restrictions.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">By structuring the Bitcoin Office outside the official public sector, the country has continued to accumulate BTC despite IMF demands. Yesterday, on May 27, the office bought one more BTC.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">EL SALVADOR JUST BOUGHT MORE BITCOIN <a href=\"https:\/\/t.co\/HlEJMkFIOW\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/HlEJMkFIOW<\/a><\/p>\n<p>\u2014 The Bitcoin Office (@bitcoinofficesv) <a href=\"https:\/\/twitter.com\/bitcoinofficesv\/status\/1927551203124142333?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">May 28, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span data-preserver-spaces=\"true\">Surprisingly, the IMF stated that El Salvador\u2019s Bitcoin purchases <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.imf.org\/en\/News\/Articles\/2025\/05\/27\/pr-25162-el-salvador-imf-reaches-agreement-on-the-1st-rev-under-eff\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">remain<\/span><\/a><span data-preserver-spaces=\"true\"> \u201cconsistent\u201d with the loan program\u2019s conditions.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">It remains unclear whether this softened response reflects the IMF\u2019s need to maintain influence over El Salvador amid a shifting global crypto landscape, particularly following Donald Trump\u2019s pro-crypto U.S. administration, or if it indicates leniency. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">If the Bitcoin price surges above $120,000, or even $500,000, as predicted by Binance founder Changpeng Zhao in early May, it would vindicate Bukele. <\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"https:\/\/www.tradingview.com\/x\/GtobPoVB\/\" alt=\"El Salvador accumulating more Bitcoin despite IMF restrictions. Will a BTCUSDT rally to $120,000 vindicate President Nayib Bukele?\" width=\"1499\" height=\"860\"><\/p>\n<p><strong><span data-preserver-spaces=\"true\">(<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.tradingview.com\/x\/GtobPoVB\/\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">BTCUSDT<\/span><\/a><span data-preserver-spaces=\"true\">)<\/span><\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">However, a price drop, similar to the 2022 bear market, could increase pressure on El Salvador, giving the IMF greater leverage to dictate loan conditions.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">DISCOVER:<\/span><\/strong> <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/new-cryptocurrency\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"><span data-preserver-spaces=\"true\">Best New Cryptocurrencies to Invest in 2025 \u2013 Top New Crypto Coins<\/span><\/a><\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h2 class=\"nnbtc-key-takeaways__title\">El Salvador vs. IMF: Bukele Defiant, Buying More Bitcoin<\/h2>\n<ul class=\"nnbtc-key-takeaways__list\">\n<li class=\"nnbtc-key-takeaways__list-item\">\n         <span data-preserver-spaces=\"true\">El Salvador is defiant and is buying more BTC<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span>    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         <span data-preserver-spaces=\"true\">IMF extends loan but attached strict conditions targeting El Salvador\u2019s Bitcoin policy<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span>    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         <span data-preserver-spaces=\"true\">Nayib Bukele is a firm believer in BTC, says buying won\u2019t stop<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span>    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         <span data-preserver-spaces=\"true\">Will a rally to $120,000 and $500,000 vindicate the president<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span>    <\/li>\n<\/ul><\/div>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/imf-doubles-down-on-bitcoin-war-against-bukeles-el-salvador\/\">IMF Doubles Down on Bitcoin War Against Bukele\u2019s El Salvador<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>El Salvador is defiant and continues to accumulate more Bitcoin despite IMF restrictions. Will a BTCUSDT rally to $120,000 and $500,000 vindicate President Nayib Bukele? El Salvador made history when it became the first country to legitimize Bitcoin, adopting it as an official legal tender. Since endorsing Bitcoin, El Salvador has attracted major corporations, including [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-28981","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/28981","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=28981"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/28981\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=28981"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=28981"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=28981"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}