In December 2021, El Salvador became the first nation to accept bitcoin (BTC). Since then, the country has already managed to accumulate more than 2,300 BTC. His current bitcoin reserves are worth a little over $50 million after the current price of BTC. For the IMF, El Salvador should abandon its bitcoin (BTC) policy. But for some analysts, the country is on the right track.
Simon Dixon appreciates El Salvador’s Bitcoin (BTC) Policy
Simon Dixon said through tweet August 27:I will buy El Salvador bonds after the government buyout in my traditional retirement plan.“. According to him, the bitcoin (BTC) policy of El Salvador justifies such an investment. It must be said that he had declared that this policy was “very responsibleit could help change the global monetary system. He said it would enable the country to come out of “Ponzi-like debt schemes based on fiatscreated by the IMF.
To the famous investor Simon Dixon, countries owe each of the financial crises the world has known until now. This situation affected the economy of these countries by transforming them into over-indebted systems. Simon added to that Bitcoin (BTC) is an independent stock type that can offer excellent returns. Countries could beat the IMF debt cycle by investing in this cryptocurrency.
In addition, Dixon said:I was at rock bottom trying to start a bank, and then Bitcoin treated me well. I got rich with bitcoin.“. He also explained that any government that borrows from the United States or China will always receive fiat currency. The latter turns out to be linked to the supervision of the IMF.
For Dixon, the IMF is aware that a well-built economy around bitcoin (BTC) would pose a serious threat to its current system. This explains why the organization does not appreciate the fact that this crypto is legally recognized in El Salvador.
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Far from dampening my enthusiasm, an unsuccessful investment in cryptocurrency in 2017 only increased my enthusiasm. So I decided to study and understand the blockchain and its many uses and pass my pen knowledge related to this ecosystem.
