El Salvador Doubles Down on Bitcoin Holdings Amidst IMF Criticism

El Salvador has doubled down on its Bitcoin strategy, increasing its holdings by 8 BTC in the past week to reach a total of 6,180.18 BTC. This move comes despite pressure from the International Monetary Fund (IMF) to reduce public sector involvement in cryptocurrency. The IMF had previously urged El Salvador to revoke Bitcoin’s legal status and scale back its use of crypto within the country’s finances. However, El Salvador has ignored these recommendations.