The day is not far when Bitcoin will no longer be something that ordinary users will buy and hold. The way industries are entering Bitcoin adoption, it can be said that in the future only large groups or companies will trade Bitcoin. On the one hand, this is good because the price of Bitcoin has the potential to increase much more.
The price is not important in this context because Bitcoin is so divisible really, normal people can still buy. In any case, users have had a full 15 years to adopt Bitcoin. Instead they wasted their life on all sort of consumer binging instead of getting educated. Nobody is at fault for this except each person themselves.
El Salvador already amended that law, and right now merchants no longer have to accept BTC if they don't want to, so we can say it is no longer a legal tender.
From my view anyways, I think the legal tender status still remains, since they only make it clear that they can choose between, so as not to make it what they impose on the people,
This has nothing to do with your view, a legal tender is not a voluntary means of payment, you are actually obliged to accept a legal tender whenever it is offered as a method of payment or as an exchange for any transaction. However, that is no longer the case in El Salvador, as they had to revoke the legal tender status in order to receive a loan from the IMF.
A borrower will always abide by the conditions of the creditor. IMF ensured that they destabilized El Salvador's vision to maintain its status as the first country to make Bitcoin a legal tender. Thankfully IMF didn't force them to sellof their hodling or stop them from accumulating more coins.
Both of you are right and wrong. Actually this was never enforced, so practically it was already voluntary even if the law said otherwise. Bukele played a trick to get the IMF money, he can later change it back. The IMF thing is not permanent, as long as the country prospers it can get rid of the IMF.
