re: El Salvador’s Bitcoin Holdings Up Over 40%

quote:

---

Argentina has defaulted on its debt around 8 times. Surely, now that they can’t utilize digital assets, they’ll finally stabilize.

---

Every IMF bailout they have received over the years, and there have been a lot of them, require them to devalue the peso against the dollar. Their exports get cheaper, their imports get more expensive and this requires their Central Bank to print more money to hold up their ever increasing underclass.

Look at what the IMF just did to Egypt. Those poor people woke up a few days ago to the Egyptian pound down 50% overnight.