I “Followed the Money” of El Salvador’s Bitcoin project and and found that the balance sheet may be more a result of creative accounting than actual purchases. There is insufficient financial proof that they purchased all the Bitcoin reported using public fiscal money.
https://t.co/vskBqaB7ix
Don’t forget @jackmallers is proud of all the “work he did” over the last 12 months at @twentyone while making over $2.5m dollars and creating absolutely nothing but -85% losses for his followers and shareholders
Truly impressive stuff
As Bitcoiners like conspiracy theories let me satisfy your lust. In 2025, Trump suposedly negotiated an end to the Pakistan and India conflict. Now, to return the favour Pakistan offers to negotiate one between US and Iran. And WHY? Because Pakistsn has a IMF program with a disbursement due that's delayed. In fact, the US has recently abstained (essentially voted against) many lending programs brought before them in entities like IMF, World Bank and other development lending institutions recently. This is current policy. So, Pakistan hopes that by doing this favour, they can entice the US to vote in favour quickly to the IMF disbursement. Well, maybe this isn't a theory..but reality.
I “Followed the Money” of El Salvador’s Bitcoin project and and found that the balance sheet may be more a result of creative accounting than actual purchases. There is insufficient financial proof that they purchased all the Bitcoin reported using public fiscal money.
https://t.co/vskBqaB7ix
The long delay in the next IMF review on El Salvador is because it has not complied with the criteria and conditionality requirements to allow for a disbursement. I will be fully clear, the non-compliance is due to the: (i) inability to account & audit its "actual" Bitcoin holdings and money spent (and false "purchase" statements by the Bitcoin Office); (ii) inability to financially audit Chivo; and, and (iii) overall resulting potential fiscal impacts of these.
https://t.co/FLWgnmmCKY
La larga demora en el próximo informe del FMI sobre El Salvador se debe a que no ha cumplido con los criterios y requisitos de condicionalidad para recibir un desembolso. Seré totalmente claro: el incumplimiento se debe a: (i) la incapacidad de contabilizar y auditar sus tenencias reales de Bitcoin y el dinero gastado (y las declaraciones falsas de "compra" por parte de la Oficina de Bitcoin); (ii) la incapacidad de auditar financieramente a Chivo; y (iii) los posibles impactos fiscales resultantes.
https://t.co/FLWgnmmCKY
Such a long delay means that El Salvador has not complied with or the criteria and conditionality requirements to allow for a further disbursement. I will be fully clear, the delay (non-compliance) is due to the: (i) inability to account & audit its "actual" Bitcoin holdings and money spent (and false "purchase" statements by the Bitcoin Office); (ii) inability to financially audit Chivo; and, (iii) overall resulting potential fiscal impacts.