Right now we really have to be patient in dealing with market conditions and of course we have to see the results of what el salvador does in the future, and if indeed their adoption goes well enough for its citizens and has a positive effect on the country of el savador of course it will a reference for other countries to also adopt bitcoin and when that happens it will definitely make the bitcoin market grow again and will automatically make the bitcoin price high again, I personally take advantage of the current conditions to buy bitcoin at a cheap price so at least I have a little preparation when later the price of bitcoin returns to high.
There were chances of many nations trying it and the price didn't really reflected to us, that is the problem. I really do not believe that we are going to have any sort of changes in the price just because one nation wanted it, that is just not happening.
What I believe is that this opens the ways to companies picking nations a lot better, because at the end of the day what makes bitcoin better is investments and not regulations. Sure if UK makes very deregulated bitcoin law then that is great, but if nobody invests into crypto then how can we really say that bitcoin can go up? Only thing bitcoin can help is buying more and more of it, which is investment. So, what do we need to make that happen? Sure we do not want nations to ban it, but making it allowed in El Salvador is not a big deal, as long as people in USA can buy and sell bitcoin, that is a lot better.