Wait, so their bitcoin investment will make El Salvador go into massive inflation like all those other south american countries… that did make bitcoin legal tender? Its almost as if that economics expert doesn’t understand the difference between causation and correlation.
The other countries are experiencing high inflation due to poor management of their own fiat currency (other forces too). El salvador’s inflation is tied to the US economy. As bitcoin become’s more popular in usage there (its second, ahead of the peso), it will be tied to the global economy.
Further, its not like El Salvadoreans MUST use bitcoin. They have a crappy alternative: the US dollar.