Bitcoin is not the biggest problem in El Salvador right now — it’s Bukele using the gangs to go as full dictator as he thinks he can get away with.
Zelaya blames the war in Ukraine. Did all those buyers disappear? Surely they weren’t all freshly-sanctioned entities.
Chivo is not making friends, and Bitcoin is not popular.
BCR won in negotiations with the government. Bitcoin will be allowed into the financial system only insofar as it’s regulated to the hilt. It could never have been otherwise.