Bitcoin was created for person-to-person transactions, recently EL Salvador legalized Bitcoin through legal tender and began holding large holdings, and they are trying to explore it with the country's core economy.
I think I'm not okay with the word
"recently" been used in the concept above, because it's literally been 3 years since El Salvador legalize Bitcoin as legal tender, so it's no longer recently, so I will be glad you correct it. However, Bitcoin is an asset of long term value, so by virtue that they were able to accumulate over 400 BTC back then in 2021 worth approximately $21million, I'm sure by now with the value of Bitcoin been at $62,000 per BTC, that same 400 Bitcoin would have worth over $24million by today (i.e 400 x $62,000 = $24.8million). Far better than if the money was kept in fiat currency, as they just made a profit of over $3.8million in just 3yrs investment.
Movie this topic to the politics section mate.
This is not a political topic, so it's currently on it's right board, as it is co-centered around Bitcoin.