Wow, that's amazing news!
I am impressed.
However, that is not done yet. President must submit it to congress, and the Congress may approve it or not! Anyway, amazing news and a big step for bitcoin!
Looks like it will be most likely approved:
The bill must still be reviewed by the country’s legislative assembly. But with the populist Bukele’s upstart political party in firm control of that body, approval seemed all but assured Saturday afternoon.
https://www.coindesk.com/president-of-el-salvador-says-hes-submitting-bill-to-make-bitcoin-legal-tenderAgreed. It might depend on how much political influence Bukele’s political party has on congress. It might be good to know which political party Bukele belongs, does his political party have the majority in congress and what type of political system does El Salvador have. Is it a 2 party system or a multiparty system?
However, this might be good if the bill is signed and passed into law. It will be the first experiment on bitcoin as an adopted currency. All larps and criticisms will be proven correct or wrong.
70% is a majority I think the majority of the lawmakers will also favour the bill since most of their relatives I guess doesn't have financial access. If they successfully pass the law I guess there will be miners going to this country. It wouldn't be BTC that might just be adopted to the country. I hope they make it so the rest of South America will also follow steps to freedom.