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 | 81.2% | 33 | $62 204.66 | -2.38% | 0.09% | $1 229 470 656 932 |  |
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|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 74.8% | 43 | $2 437.96 | -1.38% | -2.78% | $293 480 418 418 |  |
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| 3 |  USDT |
Tether predictions | 91.2% | 1 | $0.999417 | -0.04% | -0.03% | $119 787 427 012 |  |
|
| 4 |  BNB |
Binance Coin predictions | 78.4% | 35 | $578.87 | 0.49% | 4.83% | $82 237 028 095 |  |
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| 5 |  SOL |
Solana predictions | 78% | 45 | $142.86 | -4.08% | -3.37% | $67 040 151 417 |  |
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| 6 |  USDC |
USD Coin predictions | 94.4% | 1 | $0.999996 | 0% | 0% | $35 124 926 543 |  |
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| 7 |  XRP |
XRP predictions | 74% | 43 | $0.529117 | -2.59% | -11.71% | $29 928 993 745 |  |
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| 8 |  DOGE |
Dogecoin predictions | 83.6% | 32 | $0.106806 | -4.92% | -1.12% | $15 623 930 640 |  |
|
| 9 |  TRX |
TRON predictions | 96% | 1 | $0.158257 | 1.16% | 2.96% | $13 700 569 434 |  |
|
| 10 |  TON |
Toncoin predictions | 81.6% | 31 | $5.19 | -2.27% | -4.07% | $13 152 577 202 |  |
|
| 11 |  ADA |
Cardano predictions | 76.8% | 38 | $0.344996 | -3.79% | -3.11% | $12 061 427 310 |  |
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| 12 |  AVAX |
Avalanche predictions | 67.6% | 60 | $26.37 | -3.34% | 0.26% | $10 717 932 778 |  |
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| 13 |  STETH |
Lido stETH predictions | 96% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
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| 14 |  WTRX |
Wrapped TRON predictions | 92.4% | 1 | $0.116354 | -0.46% | 0.23% | $10 171 995 609 |  |
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| 15 |  SHIB |
SHIBA INU predictions | 54% | 94 | $0.000017 | -5.85% | 4.51% | $10 110 735 164 |  |
