🇸🇻 BITCOIN DREAMS, IMF STRINGS The IMF revealed El Salvador isn't actually buying new bitcoin despite constant claims from their Bitcoin office. They're just shuffling $BTC between government wallets to fake new purchases. @nayibbukele got caught red-handed... 🧵

The IMF's loan conditions explicitly required El Salvador to stop buying $BTC, but Bukele's Bitcoin office kept bragging about new purchases. IMF's footnote is brutal: "The overall stock of Bitcoin held by the public sector has remained unchanged since program approval."

The IMF also found "minor and short-lived" instances where, despite program approval, Chivo users' Bitcoin decreased while Chivo didn't sell the corresponding amount. Translation: Chivo holdings were still contributing to an increase in public-sector bitcoin holdings.