The very fact that a country needs an IMF bailout means that its economic policies were not working.

Governments borrow to fund revenue deficits. What exactly does hodling a highly volatile asset that generates no cash flow acomplish?

Cryptocurrency is not hard currency. Outside of failed states like El Salvador, it isn't backed by any military force or taxing authority. It's just like Monopoly money or something.

„In macroeconomics, hard currency, safe-haven currency, or strong currency is any globally traded currency that serves as a reliable and stable store of value.“