If it does take until November to be adopted then we mightve seen another crash and a rethink by then.
I don't think policymakers are stupid weak hand investors who see a tiny portion of the chart like 2 weeks and think price is shooting up or dying that leads to decisions like this! They definitely look at the whole picture and the 13 years worth of market history to decide whether they should go ahead with the adoption or not.
In other words someone who looks at the whole picture doesn't give a crap about short term fluctuations no matter their size.
I tough it the bill was already introduced and voted for, I'm quite puzzled, why does it take till October to submit it to the Parliament if you're so sure it will pass? So it takes 2 months for all the legal procedures but 10 months to draft the bill?
It is indeed weird but it may be because they need to build some infrastructure first, maybe a Chivo 2.0 govwallet and stuff like that before the Parliament passes the bill.
I agree, if any country is going to follow El Salvador they really have to be informed
about all aspects of Bitcoin and have the resolve to stay strong throughout Bitcoin's
journey. I would imagine there will be a lot of consultation, reports and communication
with the El Salvador government for example, this all takes time.