El Salvador’s use of Bitcoin as legal tender is a milestone in the crypto world. This decision will quickly introduce other cryptocurrencies related economic activities into the country, giving it a first-mover advantage in the crypto world. And El Salvador’s bold attempt has brought Bitcoin an excellent opportunity to prove it.
After El Salvador proposed the bill to adopt Bitcoin as legal currency, Panamanian Congressman Gabriel Silva tweeted that Panama cannot be left behind. If Panama wants to become a true center of technology and entrepreneurship, we must support cryptocurrency and Prepare a proposal for parliament. The President of Colombia shown a fanatical interest in cryptocurrencies, the Paraguay official said that our country needs to move forward hand in hand with the new generation. Our time has come we started an important project, Paraguay is really taking off in the face of the world of innovation!”
https://medium.com/cryptocurrencies-ups-and-down/bitcoin-will-become-the-reserve-currency-for-every-country-c5a372a989c4El Salvador took this decision due to USD dominance and small nation who could benefit from Bitcoin and don't plan to have their own CDBC.Bitcoin will be adopted by many nations and kept as reserve assest along with gold and fiat if you talk about top countries and they would never compromise at that level and btc volatility can affect their reserve.But we only want that they allow regulations for btc and payments can be made with it which will lead to increase in prices and use which will low down the volatility also.Rest time will tell us what is going to happen.