But what I don't understand is why this faces such strong opposition in parliament. Is it illegal, for example? Or are there members of parliament who don't like the Salvadoran president's plan for Bitcoin reserves?
Of course there is always bound to be oppositions to an idea no matter how good. It always comes down to majority in the end to carry the house but yeah, there have just got to be.
President Nayib Bukele has done well by his people, especially in terms of security and has by some means rejuvenated the economy of the nation. Though his Bitcoin reserve plans would not be conventional to many within its political scope which is mainly due to how traditional these persons are and unsure how a volatile Bitcoin would fit, they’ve just got to have a little trust in their visionary leader.
Yes, unfortunately, there are such people in every country. What's disgusting is that some politicians for their own political gain, intentionally or unintentionally sabotage the country's economy.
Such opponents, instead of supporting President Bukele's plan and his vision for the future of Bitcoin as a means of economic recovery, oppose him and attempt to thwart his plan by voting against it in parliament.
I don't rule out the possibility that the International Monetary Fund is secretly supporting this opposition.