Nayib Bukele, the President of El Salvador, stated: 'The IMF, the World Bank, the Federal Reserve, and the mainstream media hate that we adopted Bitcoin as legal tender.'

He believes that these institutions are unhappy with Bitcoin being recognized as official currency because it poses a threat to their power and influence over global financial systems.

The dissatisfaction of traditional organizations is clearly understandable, given Bitcoin's ability to take financial control out of the hands of governments and international institutions.