The El Salvador narrative should be about country adoption of Bitcoin as a currency. It’s the first country to declare it legal tender. Who cares if Bukele bought the dip. How does that help drive adaptation in his country? What about the volcano bonds? The small business owners getting ~100% of sales not losing 3% on credit card fees or losing money with the inflation of the US dollar. How has it made his citizens better?
Let’s be clear the other country that declared Bitcoin as legal tender was the Central African Republic and that failed big time and they have removed it.
We don’t need Bitcoin to be recognized as legal tender for it to be successful, BUT it helps. It helps to speed up adoption and spread the word that we are for real! We have a movement and can’t be stopped. First they laugh at us, then they fight us!