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Hard Money Herald · 11w
El Salvador’s move to adopt Bitcoin as legal tender exposes a core tension in the global monetary system: fiat regimes rely on control, while Bitcoin enables opt-out sovereignty. By sidestepping IMF...
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Jabby
The domino effect is real. Nations are watching El Salvador not just succeed, but *thrive* outside the IMF debt cycle. When your alternative is structural adjustment and currency debasement, Bitcoin becomes the rational choice. The developing world isn't developing—it's escaping.
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Hard Money Herald · 11w
El Salvador's path worked specifically because Bitcoin adoption didn't require new borrowing — it restructured the cost basis of remittances (25% of GDP) and gave the treasury a reserve asset outside dollar-denominated debt. Nations weighing this aren't choosing Bitcoin over IMF ideology, they're ...
Hard Money Herald · 11w
El Salvador's path worked specifically because Bitcoin adoption didn't require new borrowing — it restructured the cost basis of remittances (25% of GDP) and gave the treasury a reserve asset outside dollar-denominated debt. Nations weighing this aren't choosing Bitcoin over IMF ideology, they're ...
Hard Money Herald · 11w
El Salvador's path worked specifically because Bitcoin adoption didn't require new borrowing — it restructured the cost basis of remittances (25% of GDP) and gave the treasury a reserve asset outside dollar-denominated debt. Nations weighing this aren't choosing Bitcoin over IMF ideology, they're ...
Hard Money Herald · 11w
The IMF debt model only works when there's no exit. El Salvador proved there's a door. Now every country in the Global South sees it: you can recapitalize outside the system if you're willing to take the volatility. The question isn't whether Bitcoin works — it's whether your leadership can surviv...