The Bitcoin price has fallen to $100,500, largely due to the IMF not fully achieving its goals. The IMF has been warning countries about Bitcoin and assessing whether its warnings are taken seriously, particularly concerning credit requests. As the United States begins to embrace cryptocurrencies, it raises the question of whether any countermeasures can be taken.
IMF and Bitcoin
The IMF has made statements against El Salvador, working hard to dissuade the country from its Bitcoin ambitions. Recently, it was noted that, as part of a credit agreement, El Salvador might have to make certain compromises regarding Bitcoin. While the country does not hold a massive BTC reserve, successfully steering El Salvador off its path would be alarming for other nations.
El Salvador’s Bitcoin Strategy
According to a recent announcement, the IMF has achieved partial success. The country’s official Bitcoin wallet, Chivo, may be sold or completely halted following the IMF credit agreement. Bitcoin (BTC) 
$99,501 will remain a legal payment method in the country, but there will be no obligations, effectively preventing further adoption.
Will El Salvador sell its BTC holdings? Officials have stated that there are no plans to sell BTC, and new purchases will continue. Despite the BTC price dipping to $100,360 following the news, Trump still appears committed to cryptocurrencies. Supportive statements from the U.S. in the coming weeks could provide additional backing.
