IMF wants El Salvador to reconsider Bitcoin exposure: Community reaction


After a visit to El Salvador, the International Monetary Fund (IMF) suggested the country reconsider its plans to increase exposure to Bitcoin (BTC). The community responded to the IMF’s suggestion with various messages calling out the organization.

From dismissing the IMF’s suggestion as a simple case of spreading fear, uncertainty and doubt, or “FUD,” to interpreting it as a strong bullish signal for BTC, various crypto community members went to social media to express their sentiments on the IMF’s efforts to discourage El Salvador’s plans for Bitcoin.

In a tweet, one community member argued that IMF’s move is a way to “scare other countries away” from the example that El Salvador has set. The Twitter user also urged others to adopt BTC and help close central banks. They tweeted:

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