Odaily News Billionaire American venture capitalist Tim Draper said this week that a rise in Bitcoin to $100,000 could enable El Salvador to repay its International Monetary Fund (IMF) loan "and never have to negotiate with them again." El Salvador is reportedly owed about $80 million to the IMF, and El Salvador holds 5,913.76 BTC. Therefore, if Bitcoin rises to $100,000, El Salvador will receive $189 million in gains from its Bitcoin holdings, exceeding its IMF loan. However, this calculation requires the following two assumptions: 1. Assuming that the country's Bitcoin is uncollateralized, that is, it has not been used for other purposes or to pledge other loans or contractual obligations; 2. Assuming that non-IMF debts are ignored, which amount to billions of dollars, the country will be able to remit the profits of its revalued Bitcoin holdings directly to the IMF without having to repay more senior creditors first. Since both assumptions are difficult to achieve, El Salvador may need far more than $100,000 in Bitcoin to repay the IMF debt, as well as all other lenders in El Salvador. (Protos)