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 | 83.6% | 28 | $19 095.25 | 0.49% | -4.82% | $365 864 647 826 |  |
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|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 73.6% | 56 | $1 331.94 | 0.71% | -8.41% | $163 184 327 469 |  |
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| 3 |  USDT |
Tether predictions | 92% | 1 | $1.000074 | 0% | 0% | $67 959 697 977 |  |
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| 4 |  USDC |
USD Coin predictions | 92.4% | 1 | $1.000122 | 0.02% | 0% | $49 720 551 593 |  |
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| 5 |  BNB |
Binance Coin predictions | 86.8% | 17 | $277.78 | -1.12% | -0.16% | $44 816 623 769 |  |
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| 6 |  XRP |
XRP predictions | 63.2% | 72 | $0.488936 | -0.60% | 26.12% | $24 372 838 519 |  |
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| 7 |  BUSD |
Binance USD predictions | 93.6% | 1 | $1.000226 | -0.02% | 0.02% | $20 521 880 085 |  |
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| 8 |  ADA |
Cardano predictions | 82.4% | 32 | $0.456989 | -0.44% | -6.44% | $15 641 937 626 |  |
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| 9 |  SOL |
Solana predictions | 81.6% | 31 | $33.96 | 0.41% | 0.39% | $12 044 646 131 |  |
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| 10 |  STETH |
Lido stETH predictions | 92.4% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
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| 11 |  DOGE |
Dogecoin predictions | 87.6% | 15 | $0.063120 | -3.40% | 2.65% | $8 374 180 689 |  |
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| 12 |  DOT |
Polkadot predictions | 74.4% | 43 | $6.34 | -1.08% | -9.42% | $7 104 062 562 |  |
|
| 13 |  DAI |
Dai predictions | 92.4% | 1 | $1.000115 | 0.02% | 0.02% | $6 930 218 400 |  |
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| 14 |  MATIC |
Polygon predictions | 70% | 54 | $0.760974 | -1.00% | -7.31% | $6 646 589 172 |  |
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| 15 |  SHIB |
SHIBA INU predictions | 77.2% | 42 | $0.000011 | 1.90% | -4.05% | $6 254 513 839 |  |
