Crypto bro CEO and president of El Salvador, Nayib Bukele has replied to IMF's calls for El Salvador to remove Bitcoin as legal tender.
https://nitter.net/nayibbukele/status/1486162932224479235
The IMF report mentioned some concerns over "the risks associated with issuing bitcoin-backed bonds", referring to the president's plan to raise $1 billion via a Bitcoin Bond. The report also highlighted the added risk posed to the consumers as a result of the price volatility of BTC.
Ironically, Bukele has been trying to secure a $1.3 Billion loan from IMF since early 2021. However, that deal is most likely off the table now.
Is Bukele taking too many liberties with the safety of his citizens and this brash response to the IMF? Either way, he is standing behind his decision to go forward with BTC as legal tender.
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