i don't think they will achieve such status in these coming years. but i do hope that their economy will improve. also, it is not about bitcoin being the legal tender that will alleviate the status of El Salvador, but it is the combination of other factors like what you said, the exploration of their natural resources. and of course, how their government officials are managing the financial aspect of their country itself.

Your point may be correct, but this cannot be actually proven.
Users from El Salvador used Bitcoin prior to the enactment of state regulation. It is not possible to know the increase in their number because their original number is unknown. The Salvadoran government has encouraged people to use Bitcoin by launching a digital wallet that enables citizens to receive $30 as a reward by simply registering on the application. The latest statistics indicate that the difference between the number of those who downloaded the application and the number of those who are still using it is very large.

to be a rich country then I don't think it will be easy. And taking steps to make bitcoin a legal tender in the country of el salvador will not make el salvador rich in no time. However, I believe that the adoption of bitcoin as a legal tender by el salvador will make el salvador a historical record. and will be widely discussed by the next generation. it will even be included in future textbooks about a country that first made bitcoin a legal tender. and has motivated other countries.

and I also believe that el salvador became economically helped after the adoption of bitcoin as a legal tender in the country. Nayib bukele and el salvador will become famous names in historical texts in the future.

And I also strongly believe that over time the people of El Salvador will get used to the use of Bitcoin even though they still like to use fiat for certain purposes. And also the development of the use of Bitcoin among El Salvadorans will increase in the future because the government has also prepared everything that El Salvadorans need to learn about Bitcoin.

Its true that Bitcoin is not the total cure for El Salvador's economic challenges. But at least it has some opportunities that would touch the lives of El Salvadorans positively. I have heard so many time people saying that the country has benefitted nothing from its Bitcoin adoption. But this is untrue because Bitcoin as a national legal tender is at its infant stage. It would definitely develop gradually and other countries would begin to learn from the experiments of El Salvador. Yes El Salvador can be one of the richest countries in the world not because of Bitcoin but from the improvement of other sectors of the economy. My greatest joy is that the country has the political will to tap into the possibilities that Bitcoin has. And ones the political will is there, the necessary resources would be put in place .  

Indeed bitcoin my not be the total cure but as for now that is the only vibrant alternative to curing it, bitcoin have serve the best available option from a number of economics remedy for recommendations and it is also evident in the entire progress in El-Savador till present day, traditional system of currency with fiat couldn't ordinarily save up to clear debt, hut bitcoin comes with the luck and solution to that.


there's no doubt about it how bitcoin has been impactful to the business economics of El-Savador and the adoption has increase the openness for business activities with the acceptability of bitcoin as an alternative to USD.


yes people have been saying the wrongs repeatedly over time base on research that has no verdict or fact.


and the growing in adoption continues, if bitcoin could achieve this while still at infant stage, what will happen when it matures to an average adults, of course everyone will be left with no other better option for currency and asset than bitcoin.


same goes with El-Savador, if it could have achieved this far just after a one year adoption than it has suffered over many years, bitcoin could be actually the future game changer in the economy of El-Savador.

I don't know why I said that in 8 years, bitcoin has the ability to make rich not only a country but any person who has the ability to hodl their bitcoin, and I think they won't have to wait 8 years, the average for bbitcoin to grow is 4 years more or less, every 4 years I would bet that Bitcoin will rise in price and the best thing is that its ATH will be higher and higher if they propose it, so bitcoin is currently cheap compared to the price that many predict, I have seen the S2F model and many enthusiasts do not believe in that model, but I think I know that it is due to the action of the same people who do not believe in bitocin and make Fud.

Just think about it, the small country of El Salvador annually loses up to 30% of its GDP just to pay various third-party agencies commission interest for the transfer of funds.
And even though the adoption of bitcoin by El Salvador has not yet made the country much richer than it was, it still has a positive impact on the country's economy, as bitcoin and subsequent digitalization have attracted foreign investment and tourism, as well as expanded financial access for the population, mostly without bank accounts.
Yes, so far Salvador has lost on the purchase of bitcoin, but in the long run he will surely win a multiple.

I don't need much to argue to you about the losses you talked about in regards to El-Savador bitcoin adoption and the tremendous progress but all i want is for you to take a look at this statistics first https://bt.irlbtc.com/view/5342087.msg60612784#msg60612784 and should incase there's more need to clarify the upto date happenings in El-Savador then I will advise you also go through it main bitcoin adoption discussion threads where all other matters were being discussed and read further on this page https://bt.irlbtc.com/view/5342087.900 and in conclusion El-Savador is fine and ok with it bitcoin adoption and i also agrees with you about the future it has in it adoption.