President Nayib Bukele responded to the IMF pressure and said that El Salvador will continue buying BTC — characterizing the IMF's continued pressure as "whining."
“If it didn’t stop when the world ostracized us and most 'bitcoiners' abandoned us, it won’t stop now, and it won’t stop in the future," Bukele emphatically stated.
The government of El Salvador's unapologetic pro-Bitcoin stance caused several major crypto firms to announce that they are relocating to the Central American country.
On Jan. 7, Bitfinex Derivatives announced it was relocating from Seychelles to El Salvador. Stablecoin issuer Tether followed suit on Jan. 13 by announcing it was moving its headquarters to El Salvador.