The International Monetary Fund (IMF) does not want El Salvador to use Bitcoin as legal tender, because they want them to stay with the US Dollar, so that they can loan more money to them and thus control whatever they do in their country. (Their power come from the control they have with the loan sword they have over these countries)
They threatened El Salvador just after they made the announcement that they would adopt Bitcoin as legal tender, that they will not loan more money to them, if they do that.
It's not to our surprise considering that banks are the ones who control the mainstream economy. The IMF patronizes the legacy banking system, so anything (or anyone) that goes against it will be considered as a threat to their very existence. El Salvador's government made a smart (but risky) move that could play well in the future as Bitcoin continues to reach new heights. If highly successful, other countries will join the game, effectively taking banks' a "big piece of the pie". The more popular Bitcoin becomes, the faster we'll be heading towards "hyperbitcoinization". Who knows what will be of the IMF if countries abandon Fiat in favor of Bitcoin? Just my thoughts
That's maybe too far before it happens, but i know that will eventually happen if most of the developed countries will no longer rely on international banks for finance since they can get huge funds already out from bitcoin. The leadership of Bukele has been very challenging and its not surprising why most of the countries are eyeing on El Salvador now if bitcoin can create a big progress on the country, because if not, expect that more negative criticisms will kill Bukele in the later part.
