After the International Monetary Fund advised the country to cease using Bitcoin as legal tender, El Salvador’s president responded to the IMF’s recommendation.

President Nayib Bukele is reacting to the International Monetary Fund’s (IMF) caution that El Salvador oughtto eliminate the legal tender status of Bitcoin (BTC) with a meme.

Back in September of last year, El Salvador endedupbeing the world’s initially country to acknowledge Bitcoin (BTC) as an authorities currency.

The leading crypto possession has because gone on a roller rollercoaster of cost swings, climbing to an all-time high above $69,000 in November priorto a series of high decreases took it listedbelow $40,000 this month.

Now the IMF, after its yearly bilateral conference with Salvadoran authorities, suggests that Bitcoin’s legal tender status be rescinded.

“There are big dangers associated with the usage of Bitcoin on monetary stability, monetary stability, and customer security, as well as the associated financial contingent liabilities.

Some directors likewise revealed issue over the threats associated with releasing Bitcoin-backed bonds.”

President Bukele then took to Twitter to post an animated meme from the popular TELEVISION program The Simspons, where the character Homer Simpson carries out a strolling handstand while 2 other characters are speaki….

Read More.