Then, later, El Salvador declared again but not to ban Bitcoin, instead a declaration that they made Bitcoin legal tender in their country, and most of them are Bitcoin enthusiasts, and it seems that only a few are not yet aware of cryptocurrency.
I feel El Salvador have made a decision that will go down in history as a great one. On the immediate, the country will enjoy so much attention and this is good for their economy. Give them ten years from now and see the level of technological innovation that will follow this legalization of Bitcoin.
I know there will be challenges along the way such as educating their aged population as well as their children on how to safely use Bitcoin. But if they adjust their educational curriculum to integrate blockchain, then the knowledge will grow faster than expected. They can also add vocational studies for the adults, in that way, no part of the population will be isolated.
The people did not kicked about it when it was newly introduced, you may say that only few people have the idea and understanding of what bitcoin is then, those informations we heard were orchestrated against El-Savador and bitcoin adoption in general which the president refused to acknowledge, you can see more on that starting from the threats coming from the IMF then.
If you think the super powers will give up their monopoly of global financial system so easily, the joke is on you. They will use every means to discourage people from embracing anything that opposes their power and control. IMF, the media and other institutions they use will be fully deployed to spread fear and misinformation just to achieve their aim. Well, the world is getting wiser per day thanks to the internet.