This will mean price going back to $33k which is possible but not feasible based on present reality. Halving is around, ETF approval is around and interest in BTC is at highest it has ever been with many nations like Argentinal, Colombia and other showing serious interest.
It is just safer not to expect a $10k drop in price.
You think that El Loco will do something for Bitcoin in Argentina, and at the same time he only talks about the dollarization of the country and his first visit was precisely to the US where he bowed to the American powers and probably said to himself "
In dollar we trust".What will Colombia or Suriname do with Bitcoin, receiving payments for shipments of bananas or for cocaine? Not to mention that none of the other countries mentioned in this context have the political power to do what El Salvador did. Besides, why the obsession with Bitcoin as legal tender when something like that is not necessary at all for Bitcoin to be a functional part of society?