An opinion survey conducted by Gallup found that El Salvador's President Nayib Bukele has received an approval rating of 85 percent. He is the most highly regarded Latin American leader among 11 Latin American countries ranging from Mexico to Peru, according to polls. In September 2021, the Central American country of El Salvador declared Bitcoin to be legal money. With the tactic of buying the drop, the nation has significantly expanded its Bitcoin holdings.
What do you think of this development?
I wouldn't link this approval to BTC as legal money. Bukele is a populist (and oriented to the right) that has maintained more or less the same rate of approval throughout his mandate. If anything, he has faced more criticism after his BTC policy than before. And has the situation of the average citizen really improved that much since that policy was implemented? That would really be crucial for it to be viewed as a sucess.