El Salvador hasn't failed. You seem to be supporting bitcoin, but why did you have to set the title of this thread like that? You make it sound like bitcoin and El Salvador, both has failed. You are only spreading FUDs through your clickbait title.
I haven't kept myself updated with El Salvador, but as far as I know, they haven't sold any bitcoins yet. So they haven't lost anything. You are only going to lose if you are going to sell your coins!
They haven't, the president is still keeping the bitcoins and chances are he will keep it as long as he is the president, and only if he loses the election then the new one may end up selling. The "failed" part they are talking about is the fact that not everyone is in love with the legal tender idea in El Salvador, which is expected but some maximalists didn't expected that. They wanted their own nation to make it legal tender as well but they saw that people are protesting against bitcoin and that is the risky stuff that we are talking about.
As long as people are protesting, that means it is not 100% fully integrated into the culture just yet, and some see that as failure.
Actually the decision had been made was really just too fast which i couldnt really blame out people not to make out those kind of impressions and reactions on making Bitcoin as a legal tender.
It does really need that ample time on making adjustments but it seems the President is really making on point decisions and the rest would really be learned along the way.Its not really a bad
step or initiative but it does really make some things stir up since its not been not that organized.If ever the current President wouldnt be elected on next term then i wont really be surprised
that the next one would really be selling those coins and would really be reverting it back to fiat than on making bitcoin as a legal tender.