El Salvador's Bitcoin Bill Raises Issues
International Monetary Fund (IMF) spokesman Gerry Rice said the organization is following developments in El Salvador “closely” ahead of a meeting with the nation’s officials on Thursday. The IMF believes El Salvador’s move to adopt bitcoin as legal tender raises various issues, the spokesperson said. Earlier this week the Central American country became the first in the world to recognize the cryptocurrency as legal tender and mandate its acceptance across all businesses.
Rice said on Thursday that adoption of bitcoin as legal tender raises a number of macroeconomic, financial and legal issues that require very careful analysis so we are following developments closely and will continue our consultation with authorities.
A supermajority of the nation’s legislature voted in favor of President Nayib Bukele’s proposal for the Latin American nation to adopt bitcoin on Tuesday.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 74.4% | 48 | $49 653.41 | -1.04% | -11.92% | $938 231 285 210 |  |
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|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 77.2% | 39 | $4 371.46 | 1.74% | -2.81% | $518 726 908 591 |  |
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| 3 |  BNB |
Binance Coin predictions | 78.4% | 35 | $602.61 | 6.15% | -1.70% | $100 516 630 091 |  |
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| 4 |  USDT |
Tether predictions | 93.6% | 1 | $1.001029 | 0.01% | 0.07% | $76 404 874 493 |  |
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| 5 |  SOL |
Solana predictions | 70% | 61 | $189.68 | 1.51% | -15.46% | $58 298 771 519 |  |
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| 6 |  ADA |
Cardano predictions | 65.2% | 77 | $1.37 | 1.42% | -10.77% | $45 766 334 793 |  |
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| 7 |  USDC |
USD Coin predictions | 92.4% | 2 | $1.001815 | 0.22% | 0.32% | $41 115 117 851 |  |
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| 8 |  XRP |
XRP predictions | 68.8% | 65 | $0.847842 | 5.03% | -12.53% | $40 058 264 442 |  |
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| 9 |  LUNA |
Terra predictions | 64% | 75 | $75.43 | 12.62% | 19.06% | $28 728 578 546 |  |
|
| 10 |  DOT |
Polkadot predictions | 68.4% | 70 | $28.89 | 0.14% | -17.80% | $28 535 305 964 |  |
|
| 11 |  DOGE |
Dogecoin predictions | 66.4% | 65 | $0.177346 | 0.37% | -13.13% | $23 487 786 636 |  |
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| 12 |  AVAX |
Avalanche predictions | 63.6% | 77 | $94.12 | 7.54% | -19.09% | $22 852 451 871 |  |
|
| 13 |  SHIB |
SHIBA INU predictions | 62.4% | 79 | $0.000036 | 0.19% | -13.18% | $20 008 775 732 |  |
|
| 14 |  MATIC |
Polygon predictions | 63.2% | 70 | $2.34 | 4.62% | 13.05% | $16 582 834 795 |  |
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| 15 |  CRO |
Crypto.com Chain predictions | 65.2% | 78 | $0.607936 | -0.59% | -14.02% | $15 358 289 057 |  |
