Talking about opportunities, it is good to always explore the bounties of opportunities that usually comes with new projects in the financial sector especially as far as the Bitcoin and other cryptocurrencies are concerned. They have opened an entirely different way of doing things in the decentralized manner. What people used to see as impossible is now possible as you can now make cross-border transactions without the fear of the government's interference or better still the banks headache.

I use this scenario to remember how we used to find it difficult to send or receive funds from our family and friends in the Diaspora before the introduction of the Western Union and Money Gram which were also hectic in their ways. Now, everything is absolutely seamless, fast and simple to use courtesy of this new innovation. What I have to say at this juncture is that the El Salvador Government had seen these bounties of opportunities through their lens of wisdom and decided to tap from it

The country of El Salvador was not crowded with tourists in the past as it is today. More and more businesses are attracting more people just because of the increasing use of Bitcoin. But mostly due to the decrease in the level of terrorism, the number of Bitcoin usage has increased more, because nowadays the country is full of peaceful people. For this, the government of El Salvador should give the most thanks to Nayib Bukele, who is still teaching bitcoin to a wide range of students and adults, men and women, and children in various educational institutions.  So that later future generations get a wide experience about Bitcoin.

When the price of Bitcoin was $16k, the President of El Salvador, Nayib Bukele, announced that his country would start buying 1 BTC per day. They implement this move and from then on regularly buy one bitcoin per day.
Over time the price of bitcoins has increased as well as their invested bitcoins.

Bitcoin is now almost $67.5k, up over 320%.

BitcoinMagazine

::/ There are several post before that I would surely mention/quote, anyway/::whoever the glove fits//:: While it is true that El Salvador is changing, a large part of it has to do with management in matters of security primarily, consequently tourism rates have changed radically, El Salvador is a small country not only territorially, but in its GDP, so achieving what this president did is admirable, bitcoin was (is) a flag of "cleanliness" to talk about something other than the negative aspects related to security, in a country that was number 1 in per capita violence.

So, yes! Bitcoin is still an ideological banner, but we have to be honest and understand that Bitcoin must begin to walk more through the social and ideological push of Salvadorans, and that has not yet arrived.

Experience matters a lot but it is only when you are ready to adopt the knowledge that is only when you can get experience but it is when you know what you are doing that is when you will know the steps to follow, without information everyone will be lost, that is how important it is when it comes to crypto, the two season in the crypto world is very important to people and their is always a benefit when you are participating. the bear market you can buy using the DCA method and during bull you can strategically sell to make profit this things will only been done when there is an understanding.

Developed countries are already thinking of even putting a lot of initiative when it comes to crypto el salvdor have surprised people with how they have been making their intention known and acting on it, should be an example for other countries to follow, aside making it a legal tender they also invested and the outcome have been very brilliant because it was not working for them they would have stopped by now. the backing alone is amazing only few countries are given the backing for them to do this is enough for every other country to emulate them.

Salvadorans May Like Bukele But They Aren’t Using Bitcoin, Survey Finds
A new University report shows that not many people are using the orange coin to buy things in El Salvador.


Salvadorans may like President Nayib Bukele for cleaning up the country’s once disastrous security situation. But at least one policy isn’t sticking: Bitcoin.

That’s according to a new survey from the San Salvador University Francisco Gavidia, which found only 7.5% of people interviewed said they use cryptocurrency to make transactions, while 92% admitted they didn’t.

El Salvador made Bitcoin legal tender in the country in 2021, the idea of its millennial leader—and prolific tweeter—Bukele. Businesses are legally obligated to accept the cryptocurrency if they have the technological means to do so.

President Bukele has also gone on Bitcoin-buying sprees but has been criticized by U.S. politicians and the likes of the International Monetary Fund for doing so.

The survey from Francisco Gavidia University added that only 1.3% of people said they thought Bitcoin should be the country’s main bet in the future.

President Bukele has tried to woo foreign investment with his bet on Bitcoin, promising visas and even a volcano-powered Bitcoin City.

Some 58% of those surveyed said they thought the country was headed in the right direction and were overwhelmingly supportive of President Bukele. The survey spoke to 1,224 Salvadorans aged 18 and on everything from the economy to security.

In an August interview with TIME, President Bukele said fewer Salvadorans were using the cryptocurrency than expected. “Bitcoin hasn’t had the widespread adoption we hoped for,” he said.

Source Link: https://decrypt.co/286463/salvadorans-like-bukele-but-arent-using-bitcoin-survey-says

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From this post we can learn the people of El Salvador country who have benefited from using Bitcoin and are successful, but still those who are cursing this Bitcoin are mainly terrorists of El Salvador country. Because the relatives of the terrorists who arrested and imprisoned the terrorists who pacified the current country of El Salvador are the ones who are currently hindering the use of Bitcoin. 
So 58% of the people in Salvador support the use of Bitcoin, but the biggest positive is that it has the most support from young people. El Salvador is now a quiet favorite country and is making huge strides in Bitcoin usage.

That's why its good that they try to grab those opportunities presented in their tables and now they are earning good benefits on their adaption made. If they stick with their old financial plans and let their country stuck on westerns mentality then their country would provably prison relying on other countries currency. Now that they adapt bitcoin then it open doors of opportunity and it made their country became more progressive.

They had been denounce by IMF but El Salvador government didn't budge to follow what that organization like to happen. And since they are doing fine then  this show that a country will declared bitcoin as legal tender could also succeed the same as El Salvador since for sure that they could also find good opportunities to help their people. Right now we see good growth of acceptance and I think this number would grow more especially if there's more good development will happen with bitcoin.

This hits me directly. Whenever I am in need of cash and visit my portfolio, even if BTC is on green that I should atleast cash out a little percentage, I'll be hesitant of doing that. Instead I'll resort to using my USDT if I have any. BTC obviously to me is the last coin to spend and I believe it's so to others who also understand and values bitcoin.
Not using BTC frequently, is truly not a sign of bitcoin failure in El Salvador.

The truth is that its because you understand the importance and value of Bitcoin being used as a store of value and that's almost what every bitcoiner today term and use bitcoin.  Bitcoin is an asset that grows over time and if you as a bitcoin holder know this then the temptation of tempering or using your bitcoin wouldn't be an issue for you and I believe el Salvador to an extent understand this phenomenon too.

El Salvador's President Nayib Bukele Donates 2 Bitcoin To Support Funding For 1,000 Schools Through Charity Run, On Wednesday, Stacy Herbert, Director of El Salvaodor's National Bitcoin Office, shared that President Bukele personally donated 2 BTCs from his wallet to Fujiyama.

In a video attached to the post, an emotional Fujiyama can be seen talking to Bukele, expressing his gratitude to the president.


https://x.com/stacyherbert/status/1849223444207919526

The philanthropist was currently on a 3,000 km charity run to raise funds to build 1000 schools in Honduras, a country with high levels of poverty. He founded Students Helping Honduras, an international non-profit to address socio-economic challenges in the region.


Earlier this year, Bukele reaffirmed El Salvador’s policy of buying one Bitcoin a day, stating that it would continue until Bitcoin becomes unaffordable with fiat currencies. As of this writing, it had 5,912.76 units of the cryptocurrency in its reserves, worth $397 million.

News source