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Market
Will the IMF impose sanctions on El Salvador over its Bitcoin policy by end of 2024?
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Resolution / Starting Odds
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Official statements from the IMF or credible financial news outlets
Story
El Salvador Buys 1 Bitcoin Daily to Counter IMF Neocolonialism
Oct 4, 2024, 03:33 PM
El Salvador has initiated a policy of purchasing one Bitcoin every day, a move described by Christine Lagarde as an attempt to 'escape' the IMF's neocolonialism. This strategy is part of President Nayib Bukele's broader effort to transition the country towards an asset-based currency system, which he believes is crucial for humanity. Critics argue that the IMF's agenda is to protect the global debt-based currency system and that Bitcoin poses a significant threat to this model. The IMF explicitly forbids its members from using gold as currency.
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Loan secured with Bitcoin policy change • 25%
Loan secured without Bitcoin policy change • 25%
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Negotiations ongoing • 25%
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