FMI Reddit Mentions | ChartExchange

I just looked this up since I didn't know that El Salvador declassified it as legal tender and a friend of mine visited earlier this year and told me he paid everything in Bitcoin.
Apparently the legal tender status was revoked as a requirement from the FMI for giving them a loan, since the FMI is a Keynesian institution and is meant to defend government's control over currency they basically would not give them financing unless they removed Bitcoin as legal tender.
But apparently the only thing that has changed is that it is no longer mandatory for businesses to accept BTC, but BTC is still tax exempt and business are still able to legally accept it without any issue, so not much really has change it is mostly a change on paper to make the FMI happy and get their money.
Also for your argument I was not arguing against it just wanted to talk about BTC being used as payment in practice. And you are right that if evading the law is the use case laws should not affect price action, that used to be true for BTC in the old days and it is true now for Monero. Midelistings in Europe and regulation against it have not had a negative price action, in fact price has been growing steadily since then and now growth seems stronger and more organic.
But Bitcoin is no longer like this because even if the fundamentals are meant to be anti system Bitcoin is now used as investment asset by many legal institutions, and demand for it as a legal means of investment is the biggest demand for it right now, so regulation affects because of it, if it was banned for example blackrock, MicroStrategy and all companies would be forced to sell or go to jail. While if Monero was banned no one would care cause all holders know being an anti system asset is the whole point.