I think the biggest problem for El Salvador was the timing when they adopted Bitcoins as their national currency. In September 2021 the world was still in order and everybody believed that Bitcoin will keep rising. Nobody expected a major war in Europe again that would send the world in an inflation spiral and crush world economic growth. The Bitcoin price dropped in the one year 60% which has a huge impact on the value of the national holdings of El Salvador. The government argues that this is only a short term correction and as long as they are not selling the will not realise any loss. The big problem in my opinion is that the government is becoming more harsh in their effort to silence opposition and trying to stop people from speaking out against bitcoins. This is wrong and contradicts the principles of crypto currencies, which try to increase financial freedom and independence, and should not be used against the own citizens. And then there is the IMF who is controlled by USD and will not help El Salvador as long as they use Bitcoin as their national currency. I hope for the Bitcoin project to succeed in El Salvador, but not at any cost. If the civil unrest keeps increasing they might need to find a compromise to give into the protests. Completely abandoning Bitcoins and selling all coins at the current price seems like the worst decision El Salvador could make, it might take another year but eventually the Bitcoin price is going to recover.