In a country that has a tax system, of course things that can generate income must have taxes, as well as crypto. So I personally don't feel strange about such a policy, because we live in a country, which of course we cannot escape from its rules, and including taxes. But even so, taxes can certainly be said to have a slightly controversial side, because how can the government seize people's money under the pretext of taxes. But again, we can't do anything because of the people when it comes to this, so as long as the tax amount is not too large, it's better not to worry about it.

But after I read the site you embedded, I was a little surprised when I saw that El Salvador did not impose any taxes on its people who had bitcoin. I think this adds to El Salvador's good image in the crypto world. This is certainly the impact of El Salvador's adoption of bitcoin, which of course brings fresh air to bitcoin lovers in the country. So hopefully El Salvador's policy will be followed by other countries.

Most Bitcoin businesses in El Salvador quietly vanish from the market

El Salvador’s big bet on Bitcoin has hit a snag: nearly all the crypto firms it registered aren’t actually playing by the rules.
Bitcoin service providers registered in El Salvador are not operating, according to a recent report by El Mundo, which cited data from the Central Reserve Bank, showing that out of 181 companies officially registered to offer Bitcoin services in the country, 161 are marked as “non-operating.”

That’s about 89% of the total. Only 20 firms are still active. These include the government-backed Chivo Wallet, among others.

https://crypto.news/most-bitcoin-businesses-in-el-salvador-quietly-vanish-from-market/

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Bitcoin-centric businesses in El Salvador are quietly disappearing because they do not follow the rules, because it is normal for them to face losses in their business. Of the 181 companies that are doing business in El Salvador following the rules, 20 companies are surviving because they have followed the rules thoroughly.
We generally know that due to irregularities you can face danger anywhere, whether it is in your health, in your business, or in transactions. In any case, we will have to face danger immediately if we follow the irregularities. However, from here, 161 were identified as non-compliant.

If Bitcoin businesses in El Salvador can operate properly by following the rules and regulations, they will definitely survive. Because El Salvador's President Nayib Bukele, he is very quick to respond to any problems of Bitcoin businesses and people, and is ready and learning to take any steps to educate them about Bitcoin. However, Bitcoin business-centric businesses are facing danger due to not following the rules. It is the laziness of every business owner that is causing them to disappear silently.

Actually, Bukele is very good at planning the Bitcoin program. He has been thinking visionary for the future. I think we must understand that adoption is not as easy as cooking instant noodles. I think this condition is normal, a person who tries will definitely encounter many problems and obstacles. This condition will strengthen Bukele's and the government's intuition to carry out new policy transformations to overcome this problem.

So I don't think it's a big deal, it's just that Bukele has to come up with a solution to address this problem and later Bitcoin adoption is successful for El Salvador. Although in the process I have been following the news that El Salvador is always trying to fix or remove programs that are considered ineffective and find new solutions.

El Salvador Works With Nvidia To Develop Sovereign AI Infrastructure

El Salvador, the first country in the world to adopt Bitcoin as legal tender, is working with the computer chip giant Nvidia to implement artificial intelligence for national development
source: https://www.zerohedge.com/crypto/el-salvador-works-nvidia-develop-sovereign-ai-infrastructure

El Salvador President Nayib Bukele has taken several effective steps since declaring Salvador a Bitcoin City, some of which have been implemented and others are on the way to being implemented. One of the main objectives of the recent collaboration between EL Salvador and NVIDIA is to develop EL Salvador in the artificial intelligence sector and enrich the country with a technology-based economy.

The president wants his country, El Salvador, to establish a digital currency and establish his country as a technology hub. From this point of view, if his country becomes particularly developed in the technology sector, then the people of his country will go far ahead in terms of technology and the people of the country will get special benefits in terms of employment. This collaboration between El Salvador and the artificial intelligence company Nvidia is mainly for this purpose.

Interesting to see what officials would learn from the AI, and what exactly that AI will teach them..

Truly amazing knowing how innovative the government of El Salvador and its kinda rare to see a government officials taking a bold move to adopt on the latest technology. So far the news we could see right now is tariff troubles engage by some countries. But El Salvador is enriching their selves also their country to benefit from AI thing and became an advance country in future.

This is the effect for electing the right leader since they would do what's best for their country without creating any troubles. President Bukele actions and decisions is really commendable since with all efforts he made for sure that he can place his country in better position in future.

I just hope it will be worth it in the long run, and it heavily depends on the data that the system is fed upon - if it won't be high by the standards, then this would be a waste of time for everybody involved.

El Salvador sets ambitious AI goals with national lab launch amid NVIDIA deal

El Salvador and Nvidia deal's Key Points.

One of the main reasons for El Salvador's deal with Nvidia is to ensure health, education, and economic development.
This agreement is El Salvador's first national AI lab.
Bitcoin Office Director "Stacy Herbert" noted that through this agreement, local talent will be able to develop their skills in the technology sector, not only providing services in their own country, but also providing services abroad and contributing to economic development.

https://cryptoslate.com/el-salvador-sets-ambitious-ai-goals-with-national-lab-launch-amid-nvidia-deal/

I think the truth is if Bukele would not be hindered by the IMF to acquire more bitcoin without risking financial support or existing contracts, his pro bitcoin policy would likely pay off spectacularly in a decade or two from now. The models discussed in the forum and some of the charts and overviews shared are plausible to me. I know they are speculative, but I don't see too many good counter arguments except for the ultimate nuke that cryptography breaks, but then our smallest problem is bitcoin's integrity.

As an early mover, El Salvador under the leadership of Bukele could have landed the coup of the 21st century. They are now at less than $30 billion national debt while holding around 6,000 BTC. If they were still able to increase their holdings incrementally at these prices and the whole asset class goes up in value in a few years from now and captures more and more of total global wealth, El Salvador could theoretically become debt free based on their bitcoin investment alone.

These are assumptions, but I repeat that I think this is not unrealistic. Even if it is not debt free as a result, having reserves in a non-inflationary asset class that covers like more than 50% of national debt is a big deal, especially when that asset class hasn't reached saturation phase.

But there is one question lingering in my mind about Bukele, El Salvador and bitcoin reserves. In a criminal country like that, when the most dangerous criminals follow those news and bitcoin reserves are actually tracked publicly, what is the risk that Bukele will disappear over night one day or be attacked by a military size cartel army? You could give criminals a hard time to sell all that gold around the world, but bitcoin is so much better than gold for normal people and, therefore, criminals alike.