$BTC
BTC
65,451.1
-2.70%
đ¨ BITCOIN CRASH BATTERS EL SALVADOR, IMPERILS IMF DEAL đ¨
Bitcoinâs plunge has slashed the value of El Salvadorâs holdings by roughly $300 million, exposing the risks of President Bukeleâs crypto bet and shaking the countryâs debt markets âŠď¸
Despite the losses, Bukele keeps buying Bitcoin, alarming investors and complicating talks over a $1.4 billion IMF loan. Credit risk has jumped, bonds have swung, and analysts warn that continued crypto purchases and delayed pension reforms could derail IMF support â a key pillar for El Salvadorâs finances âŹď¸
With major debt payments looming, Bukeleâs Bitcoin gamble is now colliding head-on with the countryâs fiscal stability âŠď¸