El Salvador Doubles Down on Bitcoin—IMF’s Warnings Be Damned

Nayib Bukele’s government just scooped up more BTC while the IMF clutches its pearls. Who needs traditional banking consensus when you’ve got diamond hands?

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The small Central American nation keeps stacking sats like there’s no tomorrow—ignoring the ’sage advice’ of global financial bureaucrats. Meanwhile, Wall Street still can’t decide if crypto is a scam or their next revenue stream.

El Salvador has added eight more bitcoins to its holdings, defying the IMF’s push to halt government crypto purchases tied to a $1.4 billion loan deal. The Bitcoin Office announced the move shortly after IMF staff praised the country’s economic reforms during a loan review. While the IMF acknowledged progress in fiscal policy and inflation control, it repeated its call to reduce the government’s involvement in crypto activities. El Salvador now holds nearly 6,200 BTC, valued at over $674 million, showing little sign of backing down.