The IMF made a call to El Salvador, which began using Bitcoin as its official currency. In the statements made, it was stated that this decision was a very big risk and that the decision should be abandoned. El Salvador’s ‘CEO’, Nayib Bukele, is thought to be disregarding this advice.
At the top of the countries we talk to the most in 2021 El Salvador was coming. Because President Nayib Bukele, who defines himself as the CEO of the country, Official currency of El Salvador had accepted. The country where Bitcoin has been working for a while has obviously recovered after this decision. At least Bukele, from his decision looks satisfied.
It is not yet possible to say how the Bitcoin decision will affect El Salvador. Because the decision is very new and it is not known how it will yield in the long run. However, one of the biggest bosses of the traditional financial system, International Monetary Fund (IMF)made some statements about El Salvador. In the statements made by the authorities, El Salvador’s refusal of decision was called.
“Using Bitcoin is a big risk”
In the statements made by the IMF, the use of Bitcoin as the official currency a big risk was stated. Officials, who stated that they would stay away from integrity and stability in the markets due to such a situation, said that Bitcoin should not be used as an official currency and its usage areas are should be limited they said. However, it is not thought that Nayib Bukele will heed this decision.
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