IMF wants El Salvador to reconsider Bitcoin exposure: Community reaction

cointelegraph.com:

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

From dismissing the IMF's suggestion as a simple "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 out central banks. They tweeted:

what IMF meant was that #ElSalvador's #Bitcoin benefits materialized and the country paid off its debt, so now the IMF wants to scare other countries away from that excellent exampleHelp a central bank close shop. Adopt and start using #bitcoin in your daily life https://t.co/j7yVY7mNWd

Influenced by El Salvador's resilience despite an unforgiving bear market, many other countries are becoming more Bitcoin-friendly. For example, on Nov. 29, the Chamber of Deputies in Brazil approved a law that legalizes crypto as a payment method. The Brazilian president signed the bill on Dec. 22, and it's expected to be enacted before the third quarter of 2023. However, unlike El Salvador, the law doesn't make BTC and other cryptos legal tender within the country but will be recognized as a means of payment.

Meanwhile, another community member also commented on the issue, calling out some inconsistencies from the IMF. For example, according to Bitcoin Xoe, the IMF acknowledged that El Salvador's