由經濟學家

在最近的市場下降中，埃爾·薩爾瓦多（El Salvador）在與國際貨幣基金組織（IMF）達成了14億美元的貸款救助協議之後，分別於2月25日和3月4日增加了7和5 BTC。

El Salvador is on the brink of default. It has been able to defer a $1.4 billion bailout from the International Monetary Fund, which is now in its 40th month of disbursement.

埃爾·薩爾瓦多（El Salvador）處於默認的邊緣。它已經能夠從國際貨幣基金組織中推遲14億美元的紓困，該基金現在已在其第40個月的支出中。

The Central American nation also faces regulatory restrictions from the IMF on the current state of cryptocurrencies in the country.

中美洲國家還面臨國際貨幣基金組織目前對該國加密貨幣現狀的監管限制。

Recently, Apex GMAT Quantitative announced that El Salvador completed a 7 BTC purchase on February 25 and a 5 BTC purchase on March 4. These purchases followed the IMF's approval of a $1.4 billion loan bailout to El Salvador on December 14.

最近，Apex GMAT定量宣布，El Salvador於2月25日完成了7 BTC的購買，並於3月4日完成了5 BTC的購買。這些購買是在國際貨幣基金組織批准了12月14日向El Salvador提供14億美元貸款的貸款。

According to the terms of the bailout, the IMF will be closely monitoring El Salvador's progress in reducing its fiscal deficit and implementing structural reforms. The IMF has also expressed concerns about the risks associated with El Salvador's cryptocurrency program.

根據救助的條款，國際貨幣基金組織將密切監視薩爾瓦多在減少其財政赤字和實施結構改革方面的進步。國際貨幣基金組織還對與薩爾瓦多的加密貨幣計劃相關的風險表示擔憂。

El Salvador began investing in BTC in 2021, President Nayib Bukele has been a vocal supporter of cryptocurrencies and has vowed to use them to help El Salvador overcome poverty and inequality.

埃爾·薩爾瓦多（El Salvador）於2021年開始投資BTC，總統納伊布·布克勒（Nayib Bukele）一直是加密貨幣的聲音支持者，並發誓要使用它們來幫助薩爾瓦多克服貧困和不平等。

However, the IMF has argued that these investments are too risky for a country in El Salvador's economic condition. The lender also stated that it will be including new advice on cryptocurrencies in its programs in 2024.

但是，國際貨幣基金組織認為，對於一個薩爾瓦多經濟狀況的一個國家來說，這些投資太冒險了。貸方還表示，它將在2024年的計劃中包括有關加密貨幣的新建議。

El Salvador started buying Bitcoin (BTC) again after reaching a $1.4 billion loan agreement with the International Monetary Fund (IMF).

與國際貨幣基金組織（IMF）達成14億美元的貸款協議後，埃爾·薩爾瓦多（El Salvador）再次開始購買比特幣（BTC）。

According to data from Apex GMAT Quantitative, El Salvador completed a 7 BTC purchase on February 25 and a 5 BTC purchase on March 4. These purchases followed the IMF's approval of a $1.4 billion loan bailout to El Salvador on December 14.

根據Apex GMAT定量的數據，El Salvador於2月25日完成了7 BTC的購買，並於3月4日完成了5 BTC的購買。這些購買後IMF批准了12月14日向El Salvador提供14億美元的貸款。

The lender will be closely monitoring El Salvador's progress in reducing its fiscal deficit and implementing structural reforms. According to the terms of the bailout, El Salvador will also need to restrict "Bitcoin transactions and purchases."

貸方將密切監視薩爾瓦多在減少其財政赤字和實施結構改革方面的進展。根據救助的條款，薩爾瓦多還需要限制“比特幣交易和購買”。

However, despite this stipulation, El Salvador has continued to add to its BTC holdings. The country now holds 6,100 Bitcoins, which are currently valued at over $500 million. At the time of the last purchase on March 4, the total realized profit on these coins was approximately $200 million.

但是，儘管有這樣的規定，但薩爾瓦多仍在增加其BTC持有量。該國現在擁有6,100個比特幣，目前價值超過5億美元。在3月4日上次購買時，這些硬幣的總利潤約為2億美元。

El Salvador began investing in BTC in 2021, President Nayib Bukele has been a vocal supporter of cryptocurrencies and has vowed to use them to help El Salvador overcome poverty and inequality. However, the IMF has argued that these investments are too risky for a country in El Salvador's economic condition.

埃爾·薩爾瓦多（El Salvador）於2021年開始投資BTC，總統納伊布·布克勒（Nayib Bukele）一直是加密貨幣的聲音支持者，並發誓要使用它們來幫助薩爾瓦多克服貧困和不平等。但是，國際貨幣基金組織認為，對於一個薩爾瓦多經濟狀況的一個國家來說，這些投資太冒險了。

Earlier this year, the lender stated that it will be including new advice on cryptocurrencies in its programs in 2024. The goal is to provide guidance to countries on how to manage the risks and opportunities associated with crypto assets.

貸方今年早些時候表示，它將在2024年的計劃中包括有關加密貨幣的新建議。目標是向國家提供有關如何管理與加密資產相關的風險和機會的指導。

Recently, Bukele's unique leadership style and unconventional economic policies have sparked debate and scrutiny. While some admire his bold vision and populist appeal, others criticize his disregard for democratic institutions and the press.

最近，布克勒的獨特領導風格和非常規的經濟政策引發了辯論和審查。有些人欣賞他大膽的願景和民粹主義的吸引力，而另一些人則批評他無視民主機構和新聞界。

Moreover, rating agency Moody's highlighted that El Salvador spent a total of $375 million on crypto experiments - including the launch of Chivo, subsidized transaction fees, Bitcoin ATMs, etc., which far exceeds the profits of its current Bitcoin holdings, and these profits are still likely to decrease as Bitcoin falls.

此外，評級機構穆迪（Moody）強調說，薩爾瓦多（El Salvador）總共花費了3.75億美元進行加密實驗 - 包括推出CHIVO，補貼交易費用，比特幣ATM等，這遠遠超過了當前比特幣持有的利潤，這些利潤仍然可能減少，因為比特幣跌倒了。

Bukele's crypto experiment also delayed El Salvador's loan agreement with the IMF, leaving El Salvador's risk premium high and his country on the verge of debt default.

布克勒的加密實驗還推遲了薩爾瓦多與國際貨幣基金組織達成的貸款協議，使薩爾瓦多的風險溢價及其國家處於債務違約的邊緣。

However, it is still too early to say what the long-term impact of Bukele's crypto strategy will be. Only time will tell whether his bold bets will pay off or backfire.

但是，現在說布克勒加密戰略的長期影響還為時過早。只有時間才能說明他的大膽賭注是否會得到回報或適得其反。