Aged like fine milk under the sun: The IMF destroys and humilliates Nayib Bukele, forcing him to get on his knees and bow down

Three years ago, Nayib Bukele mocked the IMF because of its crypto discourse. Now, the Bitcoin Law has failed to meet Bukele's promises and forced him to cut a deal with the IMF

https://x.com/nayibbukele/status/1486162932224479235

So, what exactly is going to happen now? Well, salvadoran media is reporting that one of the key conditions drafted by the IMF is to dismantle completely the Chivo Wallet, putting an end to ZERO FEES Bitcoin transactions. Another major blow to the Chivo Wallet, which recently published another all-time low crypto remittances report: Less than 900K was sent from abroad to El Salvador via Chivo Wallet.

Another key condition is to reform Article 7 of the Bitcoin Law, which forced businesses and small shops to accept Bitcoin as payment. There has been a lot of debate about that specific article, some saying the article does not force businesses however there have been reports, back in 2022, of people calling the cops on small shop owners because Bitcoin was not accepted.

Currently, people that voted for Nayib Bukele's reelection are angry and demanding to not take the deal and instead use El Salvador's Bitcoin earning. The reason why Bukele's supporters are angry is because Bukele promised on National TV that we were gonna have so much money that we were gonna have a hard time counting it. Not only that, he promised El Salvador was gonna be independently, financially independently from the IMF.

No official statement has been announced, except for a now deleted tweet posted around 2AM today by Nayib Bukele, in which he blamed George Soros for the failed adoption of Bitcoin in El Salvador.