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 | 85.6% | 21 | $62 368.64 | -2.41% | -9.35% | $1 227 689 622 986 |  |
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|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 84% | 31 | $3 040.48 | -2.47% | -13.13% | $365 072 142 694 |  |
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| 3 |  USDT |
Tether predictions | 91.2% | 1 | $1.000331 | -0.02% | 0.06% | $108 135 926 888 |  |
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| 4 |  BNB |
Binance Coin predictions | 90% | 16 | $532.33 | -4.86% | -7.91% | $79 602 027 666 |  |
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| 5 |  SOL |
Solana predictions | 76% | 42 | $131.88 | -5.49% | -24.87% | $58 898 513 766 |  |
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| 6 |  USDC |
USD Coin predictions | 94% | 2 | $1.000106 | 0.01% | 0% | $32 449 988 884 |  |
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| 7 |  XRP |
XRP predictions | 79.2% | 31 | $0.494861 | 0.22% | -20.31% | $27 276 662 977 |  |
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| 8 |  DOGE |
Dogecoin predictions | 69.6% | 60 | $0.152948 | -0.56% | -19.03% | $22 010 974 731 |  |
|
| 9 |  TON |
Toncoin predictions | 69.6% | 54 | $6.14 | -9.16% | -6.21% | $21 327 529 184 |  |
|
| 10 |  ADA |
Cardano predictions | 75.6% | 49 | $0.450693 | -1.42% | -25.15% | $16 051 614 824 |  |
|
| 11 |  SHIB |
SHIBA INU predictions | 60.8% | 85 | $0.000022 | 2.18% | -19.51% | $13 115 495 218 |  |
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| 12 |  AVAX |
Avalanche predictions | 66% | 63 | $33.96 | -4.86% | -28.04% | $12 833 922 864 |  |
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| 13 |  STETH |
Lido stETH predictions | 95.6% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
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| 14 |  WBTC |
Wrapped Bitcoin predictions | 83.6% | 20 | $62 537.84 | -1.94% | -9.07% | $9 710 127 583 |  |
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| 15 |  WTRX |
Wrapped TRON predictions | 89.6% | 13 | $0.110253 | -1.25% | -8.67% | $9 661 182 888 |  |
