A negative reaction to the “Bitcoin Law” passed by El Salvador and to its growing adoption was well to be expected. Mainstream media has been promoting news on BTC alleged negative environmental impact, its use for illicit activities, and others.
Bad money does drive out GOOD . The backed by nothing printed at the push of a button USD drove out real money in 1971 when Nixon closed the gold window. Look at any USD and it says Federal Reserve Note. Note means IOU. The only real money in the world is gold and silver and has been for 5000 years