Re:El Salvador expected to default as Bitcoin plummets
by el-salvador on Wednesday May 11, 2022 @11:18AM
(#31341240)
> Bitcoin and crypto are a threat to the IMF system. They aren’t going to like it when you do that. To survive without the IMF, you would have to go all in at a generational bottom. That did not happen.
In the large scale, El Salvador's BTC fund is not that big.
I mean, El Salvador has more IMF shares than Bitcoins in their fund.
- El Salvador Bitcoin: 74 million USD [2]
- El Salvador IMF shares: 402 million USD (207 million SDRs) [1]
In the large scale, El Salvador's BTC fund is not that big.
I mean, El Salvador has more IMF shares than Bitcoins in their fund.
- El Salvador Bitcoin: 74 million USD [2]
- El Salvador IMF shares: 402 million USD (207 million SDRs) [1]
[1] https://www.imf.org/en/About/executive-board/members-quotas
[2] https://nayibtracker.com/