A negative one, seemingly.
“The Bitcoin experiment promoted by the Bukele administration has significantly raised the market’s risk perception of the country,” said Fabiano Borsato, Chief Operating Officer of Torino Capital LLC.
What El Salvador has done is revolutionary.
Revolutions have a way of eating their own.
I, and many leftists (actual leftists, not the US sense of the term where it's about bullshit identity politics instead of economic systems), would disagree.
Plenty of civil wars have been fought over what amounts to momentary policy, hell, that's what the Cold War was about too.
of course there are similarities, but, the biggest difference in El Salvador is that nobody is forced to use it, it is a choice. Those people that don't use the Chivo wallet and bitcoin for transactions can still use USD to pay in cash as they have before.
The experiment is voluntary.
Now for example in Sweden, where the government has been pushing a cashless society bereft of anonymity, that is not voluntary. If you go to Sweden today and try to pay for something with anonymous cash, it is essentially impossible. That is also an example of forcing an ideology onto the people against their will.
This is an example of how the current El Salvador's government writes something in the law, and then changes the meaning (sometimes to the opposite interpretation) by means of a tweet, an interview or pushing a narrative through its propaganda machine, without actually changing the original law.
Bitcoin law states is compulsory, the first government communication was that it was "compulsory", but then the official narrative changed to voluntary as the price decreased.
Quoting Bitcoin Law:
Article 7. Every economic agent MUST accept bitcoin as a payment method if offered by the acquirer of a good or service.
I remember reading something similar in a quite famous book:
“The past was alterable. The past never had been altered. Oceania was at war with Eastasia. Oceania had always been at war with Eastasia.”
Nah, that's positive.