[stevedekorte]

Economics is more complicated that a short term price move.

If there is sufficient unpayable dollar denominated debt, the central banks and governments will be forced to once again print trillions to re-inflate the debt bubble, incentivizing exponentially more bad debt. How do you suppose this process ends?

[davidgerard]

the important fact about El Salvador is that it uses the US dollar and cannot print money.

I and other hypothesise that the Bitcoin thing was an attempt to handwave some fresh dollars into existence, as numbers in the Chivo app.

This didn't work because Chivo was incompetent rubbish.

[upupandup]

doesn't seem complicated to me when they bought bitcoin at ATH