El Salvador already adopted cryptocurrency as an official currency in the last eight months. Now the lingering part of this still falls back to the market dip going on presently in cryptocurrency.
El-Savador has made it choice which is the adoption of bitcoin and the present dip in bitcoin price isn't a long term implication of El-Savador's adoption but rather the equilibrium of bitcoin volatility, El-Savador's adoption and the current dip in price were like two parallel lines which path never cross.
As the market is falling now, does that mean El Salvador will fall too?
No, the price is only running dip with an indication for demand and supply principle which prompted it profitability, bitcoin is not loosing it value like other shitcoins whereby the entire investment collapse down along with the dip in price speculation, despite this challenge many investors will still maintain their capital before the profit realization in due time when it begins to rise back.
What happens to El Salvador if the market falls!!
Nothing, i believe bitcoin started the falling from its ATH to around $43k before it runs dip to the zone of $30k and yet nothing happened to El-Savador, why is because Nayib Bukele has strategies in place over bitcoin adoption as another means for financial flow of income.
