I am very affraid that El Salvador will suffer tremendously if other countries do not start to follow their path.
Lately, even Russia thought of Bitcoin to overpass SWIFT exclusion. If they would follow through with Turkey, I am affraid that the Western World will want to ban Bitcoin... And can Bitcoin survive this? Probably but its value might dump in the short term.
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Short term yes, it will be a huge blow if that happens but long term there's no way they can fully stop BTC and that kind of moves generates a Streisand effect and more people will start turning their heads towards this. CBDC's are just a desperate attempt at competing with BTC, and once people realize this hopefully they'll turn a blind eye to fiat.
ES will suffer short term, I wouldn't be surprised if outside forces are trying to dump the BTC price to support the IMF narrative...