El Salvador is gonna collapse. There is a reason not a single wealthy country in the world has adopted Bitcoin yet. The president of El Salvador is a young geek who wanted to go in the history books as the biggest/greatest leaders the country ever had. He just fucked everyone in El Salvador lmfao by publicly admitting to be in BTC. Clearly doesn't know how the Crypto world works. Clearly an Elon Musk wannabe, and when Elon left, he was still in it hoping for the best because he's a president and he can't just back out of the BTC deal anymore. My man got jebaited.
If they were to collapse, it wouldn't be because of Bitcoin. It would be because they were already in trouble before adopting it. Hence, why they probably did adopt it. I don't follow them too much, so I'm not sure how much trouble they're currently in, but most countries are feeling the pinch from the recession. El Salvador will likely be feeling that a little more with the reduction of Bitcoin interest, and use. Since, no one really wants to spend their Bitcoin in the current economical climate, and due to the volatility.
If ur already in trouble and still buying up BTC, and BTC keeps dropping, ur gonna collapse because of BTC.