The $1.4 billion loan package has been greenlit, but with the condition of a 'ban' on Bitcoin: no additional BTC purchases and the Chivo wallet must be closed before the end of July.
đ§ Quick analysis:
⢠The IMF is clearly tightening, wanting El Salvador to 'maintain fiscal discipline' under pressure from Bitcoin.
⢠But El Salvador stubbornly maintains its commitment to 'buy 1 BTC every day' â the BTC reserves have increased by 30 coins in the past 30 days, totaling over 6,190 BTC.
đ Trader's perspective:
⢠The IMF wants to avoid risks from BTC volatility, but this policy could create political and economic conflicts domestically.
⢠With a huge BTC stash, El Salvador is 'holding a strong position', risking price adjustment if they are forced to sell off.
⢠This news will create volatility for BTC, especially if selling pressure emerges as the IMF tightens controls.
â ď¸ Warning: Don't let 'political' news overshadow technical factors. The market is still in a long-term trend, but traders need to be cautious with sudden fluctuations.
đ Do you think El Salvador can uphold its commitment to buy BTC or will it have to abandon it? Leave a comment!