IMF Raises Concerns Over El Salvador’s Bitcoin Investments

The International Monetary Fund (IMF) has urged El Salvador to halt its continued investment in Bitcoin, raising concerns about the nation’s economic stability. The IMF’s conditions for a $1.4 billion financial assistance package, designed to address budget deficits and debt burden, include halting Bitcoin acquisition. This contrasts sharply with President Nayib Bukele’s stance on expanding Bitcoin holdings, despite warnings from IMF specialists regarding potential currency and liquidity risks.