@cobavesting
BITCOIN CRASH BATTERS EL SALVADOR, IMPERILS IMF DEAL
BITCOIN’S PLUNGE HAS SLASHED THE VALUE OF EL SALVADOR’S HOLDINGS BY ROUGHLY $300 MILLION, EXPOSING THE RISKS OF PRESIDENT BUKELE’S CRYPTO BET AND SHAKING THE COUNTRY’S DEBT MARKETS.
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 A KEY PILLAR FOR EL SALVADOR’S FINANCES.
WITH MAJOR DEBT PAYMENTS LOOMING, BUKELE’S BITCOIN GAMBLE IS NOW COLLIDING HEAD-ON WITH THE COUNTRY’S FISCAL STABILITY.
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