op said whether bitcoin will become the richest country in the world in 8 years so my question is now el salvador country is bankrupt or is their assets declining because bitcoin is now down?
Both, they're on the very edge of a debt default because of low foreign reserves while their crypto assets put a burden on the country's ability to pay off debt's interest since their avg DCA for Bitcoin is still quite high. Though, they are not completely out of options. El Salvador could ask crypto financials to help them with loans since El Salvador is everyone's favorite thanks to adopting Bitcoin. In short, El Salvador might be rich after 8 years if the Bitcoin price hit some kind of new high, $100k, $200k but they might not able to hodl to that point because of the pressure on their Bitcoin bag.