Then I have a question, that is, the current bitcoin price is so good, why doesn't El Salvador pledge bitcoins to lending platforms to obtain an annualized rate of return, which is about 6% to 9%, and they have 6188 bitcoins, worth 657,911,721USD, and can earn 59 million USD in interest each year.
How much help does this have for the El Salvadoran economy?
Most observers are worried about El Salvador when bitcoin experiences a sharp decline so that the overall value of their bitcoins will also decrease but they do not understand how bitcoin works in certain periods.
But El Salvador has proven that accepting bitcoin as a strategic step makes them one of the countries that is quite developed in terms of overall income percentage.
The IMF gave a signal to El Salvador not to buy bitcoin with loan funds but El Salvador still did it.
If this scenario goes well, some of the loans they took can be paid off much faster and maybe the President of El Salvador understands the steps taken because they have done something right in bitcoin before.