news 
Bitcoin Purchases to Continue in El Salvador Despite IMF Warning
The International Monetary Fund (IMF) has expressed concerns about the financial and legal risks associated with El Salvador’s decision to buy Bitcoin, but it seems that the country is not willing to back down. In a recent tweet, Stacy Herbert, director of El Salvador’s national Bitcoin office, announced that the government will continue buying Bitcoin at an accelerated pace.
El Salvador’s strategy of purchasing one Bitcoin daily has been successful so far, with its portfolio surging by 133% and reaching a total value of $632 million. This move aligns with President Nayib Bukele’s vision to incorporate Bitcoin into the country’s financial system.
Despite the IMF warning, El Salvador remains committed to its cryptocurrency strategy. The government’s decision to accelerate its purchases is a testament to the country’s confidence in the potential benefits that Bitcoin can bring to the economy.
Source: ambcrypto.com
