Alas! Bitcoin has been officially accepted as legal tender now in El Salvador. They managed to push through with their initial plan which is to implement it by now and that means success on their end. However, you must know that El Salvador isn't really a well-developed and powerful country unlike that of the US and China which means it will not really have an effect on the market trend. Unlike when such a brave move comes from the developed countries, you will see a positive correlation in an instant and vice-versa. Although this is still a good thing to celebrate - bitcoin is being slowly adopted by the countries which means we're taking a positive path right there. Hopefully, there would be more countries to follow such initiatives made.
But why the "Alas!"? I mean, I myself have said before this El Salvador news is cool and nice, but I doubt it's the magic bullet everyone was hoping it'd be. I can't see why anyone in Bitcoin would think it's a bad thing. True, it's not as developed as US or any other 1st world country. I know as my original country is probably as bad or worse.
But it can't be bad at all to have the opportunity one day to pick it up in your own country, to buy it from ATMs all around, and to even have a small amount of BTC to start off with. $30 in many countries is a month's worth of salary!