The deal between El Salvador and the IMF will last more than three years and we still don't know what will happen after that. Can El Salvador restore its economy or will it continue to fall into crisis? So in my opinion, if they are forced to stop the whole bitcoin agenda, it means there is almost no hope for bitcoin adoption as a currency in their country in the future.

Furthermore, their failure was not due to the IMF, but rather their failure to convince people to use bitcoin as a currency. Because according to reports, more than 90% of people do not want to use bitcoin instead of fiat. If they still want to pursue the bitcoin agenda, they first need to change their strategy and approach...

This shows El Salvador is treating Bitcoin as an investment asset (store of value). Not as a currency. The whole purpose of making BTC legal tender was to spread its use as a currency within the country. But so far, El Salvador's government has failed in doing so. I think the main cause was a lack of user experience. People only claimed the reward from the Chivo Wallet and forgot about the rest. The reward should've been issued gradually subject to usage of the network. Sort of how like NEM's PoI (Proof of Importance) algorithm works. You need to use XEM regularly to be able to qualify for "staking".

Another thing that may have prevented the masses from adopting Bitcoin was market price volatility. Not to mention, the BTC blockchain's limited transaction capacity. Is there still hope? I'd say, yes. But it's going to take quite some time before the world gets used to BTC as an alternative currency. El Salvador might need to wait until the deal with the IMF comes to an end, to continue with its Bitcoin agenda. Patience is a virtue.

Is there still hope? I'd say, yes. But it's going to take quite some time before the world gets used to BTC as an alternative currency. El Salvador might need to wait until the deal with the IMF comes to an end, to continue with its Bitcoin agenda. Patience is a virtue.