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?
First of all, El Salvador is not the only country that has a lot of BTC, as Dubai also has $40 billion worth of BTC claims from ex-CEO of Binance (CZ) and El Salvador has around $572 million worth of BTC (6000 BTC) according to Google. And Dubai has not seized it from anywhere like the USA, Germany, etc. They presumably bought it.
Somehow, for a long time, the USA has become the central point of attraction after China, and with time there will be some other country that will replace the USA. I don't think El Salvador has much influence and if they would not buy BTC it will still be pumping.