Which got me to think about the possible consequences if El Salvador were to ever announce that it is selling its bitcoins and plans to never buy any more? I am aware that the possibility of that is low since El Salvador has always expressed interest towards bitcoin but just hypothetically, how much would bitcoin be affected if El Salvador does not show support any more?
There are many news reports that say so, but what is the reality? We should be more optimistic than feeling much more worried because bitcoin has gone through many unexpected events to get to this point.
The US is starting to consider reserves in bitcoin, this shows that what El Salvador is doing is having a positive impact and they are starting to see bitcoin as something that can save the country's finances, although not entirely because of the El Salvador effect.
The impact is still there, but not in the long term and if they sell then we can take advantage of the dip to make a bigger purchase.
The most important thing is not to worry too much because bitcoin has gone through many processes so far, so its strength can be tested based on events and how it travels in the market.