4min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

BTC107: The Real Impact of the IMF and World Bank w/ Alex Gladstein and Sam Callahan (Bitcoin Podcast)

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

The IMF and the Bitcoin Conference - I Love This Chart

Eight of the top 10 Bitcoin users in the world are from countries that have taken IMF structural adjustment loans. In 1982, the IMF gave a $57 million loan to El Salvador and it was used to buy military weapons. The World Bank and IMF basically have had a monopoly on the distressed sovereign debt market,. There's only three choices when a country like El Salvador wants to borrow money. At least he gives individuals a way out.

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