News and Updates Editorial team Coin-Report · As of
El Salvador's Bitcoin Gamble Scaled Back for $1.4 Billion IMF Lifeline
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El Salvador: Bukele Reduces Bitcoin Activities for IMF Loan
In a remarkable move, El Salvador's President Nayib Bukele has decided to limit the country's Bitcoin activities. This decision is part of an agreement with the International Monetary Fund (IMF), which includes a loan of 1.4 billion USD. According to BTC-ECHO, this deal will help strengthen fiscal and external economic stability and create conditions for stronger growth. However, the IMF demands a reduction in government involvement with the Chivo wallet and requires taxes to be paid only in USD.
Better Than Bitcoin: Achieved with These Stocks
According to DER AKTIONÄR, some crypto stocks have outperformed Bitcoin this year. While Coinbase has risen by about 60 percent since the beginning of the year, Robinhood saw an increase of 220 percent thanks to its large holdings of cryptocurrencies and trading offerings. MicroStrategy impressed with a performance of 450 percent due to its aggressive Bitcoin investments under the leadership of its founder Michael Saylor.
El Salvador Scrap Bitcoin Mandate for IMF Billion-Dollar Loan
Nayib Bukele's plan to introduce Bitcoin as an official means of payment met resistance both within and outside El Salvador. As reported by t3n, he now had to change his strategy in light of financial challenges, ceasing the legal requirement for businesses to accept Bitcoins—all in exchange for financial support from the IMF.
Less Volatility and New Bitcoin Records: Bitcoin Suisse's Prediction for 2025
According to finanzen.ch, the crypto service provider "Bitcoin Suisse" expects less volatility while predicting new record highs for Bitcoin prices by 2025. Experts see growing institutional acceptance and anticipate peak cycle values between 180,000 to 200,000 USD per BTC during this period.
Sources:
- El Salvador: Bukele fährt für IWF-Kredit Bitcoin-Aktivitäten zurück
- Besser als Bitcoin: Mit diesen Aktien war es möglich
- Kryptowährungen: Immer mehr Banken bieten Handel mit Bitcoin und Co. an
- El Salvador begräbt Bitcoin-Pflicht, um an Milliardenkredit des IWF zu kommen
- Weniger Volatilität und neue Bitcoin-Rekorde: Das prognostiziert Bitcoin Suisse für die grösste Kryptowährung im Jahr 2025
- Bitcoin Kurs aktuell: Bitcoin fällt nach Fed-Zinsentscheid zurück
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