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Chronicles

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Nayib Bukele doubles down on BTC despite El Salvador's economic woes and IMF asking for BTC's removal as legal tender; 88% of citizens didn't use BTC in 2023

who is Nayib Bukele? Crypto Daily : El Salvador To Continue With Bitcoin-Backed Bonds, Says Vice President X: @reuters : Bitcoin will remain legal tender in El Salvador during the second term of President Nayib Bukele, his vice president said https://www.reuters.com/... Sarah Kinosian / @skinosian : El Salvador is short on cash. Extreme poverty has doubled, hunger is up and in 2022 the country's debt hit a 30-year record. They need a quick cash injection and an IMF deal could help... but Bukele's bitcoin dreams could be a sticking point https://www.reuters.com/... Sarah Kinosian / @skinosian : El Salvador has a liquidity problem. State coffers are running low. Public debt is up. The state is in talks with the IMF for a $1 billion deal, but bitcoin is a sticking point. Bukele's VP told @AmndreRenteria the country will be doubling down on bitcoin https://www.reuters.com/... Lucinda Elliott / @lucinda_elliott : On Sunday voters in El Salvador take to the polls 🇸🇻 a country that for much of my generation was rarely talked about until President Bukele made cryptocurrency legal tender - a world first. @skinosian heads to Bitcoin Beach in this superb weekend read > https://www.reuters.com/... Trista Kelley / @trista_kelley : El Salvador's pro-Bitcoin president will almost certainly be re-elected on Sunday. He's... controversial. An excellent profile of what's to come for crypto, and the country, by the great @sovereigntom 👇 https://www.dlnews.com/...

Reuters