This is the only thing I don't understand right now. It is extremely cheap. The potential is huge, El Salvador goes all in BTC and people still don't have the eyes to see it. More countries will soon join in, people will regret it later for not buying but it's their choice. It's still so cheap and this is not normal!
Bitcoin is NOT cheap. An average price of $33k per coin tells us that Bitcoin is relatively expensive compared to real world assets. To many in crypto land, Bitcoin is still cheap since current scarcity doesn't match current prices on the market. Taking into account lost Bitcoins, as well as, subsequent halvings, Bitcoin should be worth more than $100k per coin. It will get there one way or another, but it will take quite some time to happen.
I'd consider El Salvador lucky to accept Bitcoin as legal tender, since the best is yet to come. It's a smart move that will tackle the negative effects of Fiat's inflation for good. Imagine if other countries join the Bitcoin bandwagon. Prices will never be the same as they are right now. It's why it's best to accumulate as much Bitcoin as you can while it's still "cheap" before it's too late. Otherwise, you'd be missing an opportunity of a lifetime to become filthy rich. Just my thoughts
