In February of 2023, the IMF stated; “Bitcoin risks [in El Salvador] have not materialized but ‘Should be addressed’ Spoiler Alert 🚨 THE RISKS NEVER HAPPENED. Since the IMF’s mea culpa, their stance on Bitcoin (and position in the world) has continuously weakened while Bitcoin usage, awareness, education & El Salvador’s Bitcoin Strategic Reserve, have continuously strengthened - to the point where 🇸🇻 is now the most Bitcoinized - and one of the most successful nations per all metrics - on Earth. ‘Debt Free by 2030’ is still on track for 🇸🇻, thanks largely to Bitcoin.

Hypothetically, if you were sitting on 20,000+ BTC and the borrowing rate against that position was 9% wouldn’t you take money being lent to you at 3% until rates converged at 3% (or lower).