Nobel laureate, head of the International Monetary Fund (IMF) Turkey chief economist Nouriel Roubini said that El Salvador’s President Nayib Bukele should be fired because he thinks he will bankrupt the country with “bitcoin gambling”.
Financial services firm Moody’s has said it will receive a much-needed IMF loan as the country thinks it is gambling with bitcoin. 1.3 billion for El Salvador not to receive the dollar lowered your credit rating.
Moody’s analyst Jaime Reusche said in an interview with Bloomberg recently:
El Salvador’s financial profile will only get worse if it sticks to bitcoin.
said.
$800 million due in January 2023 El Salvador, known for holding dollar-denominated bonds, is estimated to have the worst economic performance in the world in 2021.
El Salvador, whose government debt is said to be in trouble, has announced that they will sell the world’s first Bitcoin-based government bond, along with blockchain developer Blockstream and Bitfinex’s parent company, iFinex. money from the sale 500 million dollars It will be spent on the foundation of ‘Bitcoin City’.