El Salvador’s decision was bold and it wasn’t just in the hope that the price of Bitcoin would increase but they wanted to be financially independent not to be subject to the conditions of external institutions.
I saw in one report that tourism increased by about
30% after the introduction of Bitcoin. Also many expatriates are now sending remittances using Bitcoin instead of traditional banks where the fees are much lower.
They did a lot, and more things do need to be done if they want this trend to continue.
Sure thing, IMF will be after them for innovation and change in status quo, but that's another challenge towards adoption.