Altcoin Daily shared: BREAKING: IMF urges El Salvador to remove Bitcoin as legal tender.
For clarity, The International Monetary fund (IMF) is an organization of 190 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.
Community Response: BTC is a danger to the monetary system. It is the slow slide from the capitalistic era into the digital era where banks have not grip over people because they failed to adapt due to their old and antique structures. In the digital era, people enjoy the possibility to take their freedom to their hands. Obviously, IMF would not like it.
All these international groups are trying to control the world. They are made up of a bunch of stuck-up weirdos who think they are better than everyone else
They think they know what is best for us without asking what we want. It just looks like those with power will maintain their status quo
When El Salvador adopted BTC, there was a 5% pump. I hope we don’t see a 50% drop if they remove BTC from their legal tenders.
In this rate, soon El Salvador will ask the US government for money when it goes bankrupt.
It’s not like they’re going to judge. About 7 or 8 years ago we talked about small countries adopting Bitcoin one day. We always this resistance would be an inevitable part of the evolution. We might as well get it over with – Bitcoin will win.
Why does the IMF feel this way? Because El Salvador made crypto legitimate, on a global scale, when they authorized BTC as legal tender. Therefore, giving BTC access to a legitimate economy while being able to move out from the Dark Web. Also, the IMF accepts South America’s natural resources as payment of debt.
Yep, cos they know once one country starts, others will follow. The IMF is trying to keep hold of the reigns. If El Salvador holds their ground, this will be a game-changer for the financial system globally as we know it. This is the start of change.
It seems like the IMF is trying to be a bully and add to all the pre-FED decisions tomorrow.
So, being a slave to the greenback is preferable? I don’t see the difference.
Of course, it does, the IMF is made up of PRIVATE BANKS. In fact, all banks are private. Even the National Banks and the USA Federal Reserve are made up of the Private Banks. They are scared of losing their grip on humanity.
That is positive and bullish news. They are afraid, as it threatens their control over finance. Their official reason will be its volatility. But it cannot be a joke to them anymore, but a real threat to their failing system. Bullish! Doesn’t mean anything! They have no authority!
It’s too late. The cosmos network is about to bridge to Bitcoin via shade protocol on the secret network and it will open Bitcoin to DEFI. Sorry banks. It’s over for you. You just haven’t realized it yet.
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