The founder of my first Bitcoin said intermittences in the daily purchases of El Salvador.
For Dennehy, the IMF is the number 1 enemy, the villain with whom you never have to treat.
John Dennehy, founder of my first Bitcoin, an educational initiative on the main cryptocurrency in El Salvador, said in a statement that Bitcoin is no longer legal currency in the country and that anyone who thinks otherwise is uninformed. Dennehy shared this opinion on social network X, accompanied by screenshots to support their arguments.
In his allegationthe entrepreneur refers to the changes that El Salvador recently implemented in the Bitcoin Law, In order to meet the requirements of the International Monetary Fund (IMF) and ensure the disbursement of a loan of 1.4 billion dollars. The modification, approved in Congress with 55 votes in favor and 2 against, eliminates the obligation of the businesses of accepting BTC as a means of payment.
Bitcoin is no longer legal tender, and anyone who says otherwise, at least, is uninformed. I have attached the changes in the law so that you can read for yourself how any reference to Bitcoin was eliminated as legal money or currency. In addition, the conditions that previously forced the Government to accept Bitcoin for things such as the payment of taxes are now prohibited; I also attached a capture with what it means ‘legal tender’ currency.
John Dennehy, founder of my first bitcoin.
Dennehy stressed that El Salvador will not be able to use the loan funds to buy BTC, or directly or indirectly, and criticized the bitcoiners who think otherwise. He pointed out that, although money is fungible-that is, it can be exchanged for other quantities without the difference-, The IMF is not naive and establishes strict conditions in its loans.
If necessary, the agency can take action if the Savior tries to make improper use of these funds. To reinforce his point, John went further and launched a commitment to the public: «If they believe that I am wrong and that the Savior will use those funds to buy BTC, we bet 1 bitcoin. If they are right, I send them; If not, they donate it to my first bitcoin ».
The educator also talked about the purchase scheme of 1 BTC daily that El Salvador implements since 2022. He indicated that in the draft agreement with the IMF there is no clause that prohibits it, so he believes that the program will continue, but He caught his attention that they have recently begun to omit days without offering any explanation. Specifically, There were no purchases Between January 25 and 27, nor on the 29th.
As a final reflection, Dennehy made it clear that, in his view, the IMF is an enemy that must be escaped as it gives rise: «The IMF is the enemy. Yesterday, today, tomorrow and every day. This does not go on the changes made in the agreement, it is about being agreed with the devil. If you go to bed with dogs, you get fleas.
Although the omission of BTC’s daily purchases, for a few days of January, has generated speculation, still is early to draw conclusions about the reasons behind this change. It will be necessary to follow the events closely to see if these interruptions persist.
It is worth noting that, last Thursday, I advertisement That the National Office of Bitcoin (ONBTC) of El Salvador will continue to reinforce its policies related to the leading cryptocurrency. According to Stacy Herbert, educational initiatives will continue, as well as the impulse to the country’s treasury. In addition, the official stressed that the government will continue to focus on Bitcoin and there will be no room for other digital assets.
