Bitcoin

IMF to force El Salvador to remove #Bitcoin legal tender status as part of the $1.3B loan deal

My questions are

- Why do they even care?

- Is IMFthe  afraid of BTC so much?

- Why not take a more mature take and say "let's see what happens"

https://www.coindesk.com/policy/2024/12/09/el-salvador-to-change-bitcoin-law-as-part-of-new-imf-deal-financial-times

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The IMF’s opposition to Bitcoin as legal tender in El Salvador feels like an outdated stance driven by a fear of disruption to the traditional financial system. Bitcoin is a tool for financial inclusion, empowering individuals in countries with limited access to banking or stable currencies. El Salvador’s decision was a bold step towards innovation, allowing people to opt-out of inflationary fiat systems and take control of their own finances.
Instead of trying to suppress Bitcoin, the IMF should recognize its potential to drive financial sovereignty, especially in economies that suffer from weak currencies and unstable financial systems. Rather than enforcing outdated policies, they could take a more progressive approach and collaborate with countries adopting Bitcoin, finding ways to integrate it safely into the global economy. The future of money is evolving, and Bitcoin represents that evolution, something that the IMF should not be afraid of, but embrace.