Former intelligence contractor Edward Snowden took aim at the International Monetary Fund (IMF) for dishing out advice to El Salvador on its use of Bitcoin (CRYPTO: BTC) as legal tender.
What Happened: Snowden tweeted to his 5 million followers on Monday that “Somebody sounds nervous” while sharing a news story that covered IMF’s urge that El Salvador removes Bitcoin as legal tender.
Somebody sounds nervous. https://t.co/VX6RYLji43
— Edward Snowden (@Snowden) January 25, 2022
Snowden’s post was retweeted 4,807 times and garnered 27,400 likes. It also attracted plenty of attention from cryptocurrency twitter.
— Camila Campton (@camilacampton) January 25, 2022
— Molly Spiers (@CoinCornerMolly) January 25, 2022
— Eduardo (@22Eduard0) January 25, 2022
See Also: How To Buy Bitcoin (BTC)
Why It Matters: On Tuesday, the IMF executive board members urged El Salvador to drop the use of Bitcoin as legal tender warning of “large risks” related to financial stability, financial integrity and consumer protection.
In June, El Salvador became the first country in the world to adopt the apex cryptocurrency as legal tender.
The Salvadoran President Nayib Bukele took his own dig at IMF on Twitter on Tuesday.
— Nayib Bukele (@nayibbukele) January 26, 2022
This is not the first time IMF has dished out advice to the Central American country. In a tweet in August, the international agency called Bitcoin an “inadvisable shortcut” while criticizing El Salvador’s adoption of the private cryptocurrency.
Price Action: At press time, BTC traded 1.9% higher at $36,903.63 over 24 hours.
Photo: Courtesy of Gobierno Danilo Medina via Flickr