Exactly. And this is why I have raised concerns whenever people get excited that this new US president talked about a bitcoin reserve.

We've seen many market manipulations over the years, some stronger than others, but never at a government level. If that starts, I'm afraid we will witness a new level of high volatility and that is never good for adoption.

And to add to that, they might not go and sell it like the rest of us, by going into exchange and put a huge sell order. There could be someone in between or they will do it OTC style so that it won't be in the radar from average investors.

So even if they sell, or not even buy anymore (if there will be a new President that will replace Bukele in the future), Bitcoin will continue to thrive as it is too big too fall. So I would not worry about it, but worry about where to get the money to buy BTC  when this happens.

You’re right because a lot of bitcoin investors reside in the USA and those who might not be in USA be worried of other countries following suit which could cause a significant drop of price but it will be soon forgotten and the price of bitcoin will go back to its usual trending.

I doubt other countries, let’s say third world ones with not much bitcoin enthusiasts in, would affect the price if they were to ban bitcoin but it would certainly upset some investors that are citizens of that country.

At some point in time El Salvador will definitely consider selling some of their Bitcoin  as that is the essence of the investment in the first place. When this happen, I don't think it will cause any ripple effect because the quantity of Bitcoin held by El Salvador is insignificant compare to the quantity of Bitcoin in circulation. Their sell orders will only cause minor retracement that will not last for long because their is rarely any entity thar will move the market so much.

in terms of influence, I don't think El Salvador is very influential to the point where it can have a significant effect on the market for whatever decision they make. in this case, when they sell all their bitcoin investments and plan to never buy any more, it will not have any impact on the market because the bitcoin they have is small, while the capitalization of the bitcoin market is already bigger than before, at most they will only make a small wave in the market, and that's it, there will be people who are ready to buy bitcoin back and make the price of bitcoin stable or even higher than before.

Your speculations are just speculations and nothing is definite/guaranteed when it comes to this extremely volatile cryptocurrency market which is why it's totally understandable as to why so many investors dump their stashes on a regular basis.

Some will regret while some won't which is why generalising and saying that everyone will regret is just silly and dumb. Think.

I don’t think so. I believe their influence is more on the positive side - like inspiring a country to adopt Bitcoin and even make it legal tender. But when it comes to the overall market, their holdings aren’t significant enough to disrupt it. Maybe they need to accumulate more because, as of now, they’re still holding less than $1 billion. Meanwhile, the market’s 24-hour liquidity is already close to $100 billion, which makes their impact relatively small in the grand scheme of things.

https://www.coinlore.com/24_hour_volume_by_currency

In the talk about Trumps facility on bitcoin price, oh yes bitcoin would had still reach $100,000 as a matter of future tense but as a case of Trump being a World influential political and a core bitcoin enthusiast, his election victory in the just past US election has got the $100,000 price come earlier followed by the promises Trump has made about the legal structures of bitcoin and the US reserve on bitcoin.
The side of El Salvador being hold bitcoin for legal tenders has as played an amiable role whereby, other countries are being attracted to follow. If El Salvador decides to sell off their bitcoin today, being honest, it's lead to twice thinking for average and the pleb investors what could be the censorship before El Salvador could take such a step in the bitcoin market.
Indeed the country El Salvador has played crucial roles of letting the public know that there's a huge dividend in bitcoin investment otherwise the government wouldn't had adopted it.

I agree with the op that Bitcoin has its own ups and downs and would've probably reached the $100k price point without Trump's win, but that political events tend to speed things up. The US is #1 economy, many countries in the world are following what's going on there and take US policies into account when making their own decisions. But El Salvador is a small country with a small economy, so even though it recognized Bitcoin as a legal tender, I don't think they have a major influence. Their economic and political might is simply too small.
So if they pull back their support, I don't think it would have a major influence on the market either.