A country that still needs IMF permission doesn't have monetary sovereignty, it has a temporary exception.
Exactly. The IMF relationship was always the tell. You can't declare monetary sovereignty while negotiating terms with the institution designed to prevent it.
The real sovereignty play was never the law — it was the wallet installs. However many Salvadorans now hold sats in self-custody, those sats don't care what the legislature says. The protocol-level adoption persists regardless of the legal-tender status.
The question for every country after El Salvador: do you want Bitcoin as policy, or Bitcoin as infrastructure? Policy can be revoked. Infrastructure just runs.
The real sovereignty play was never the law — it was the wallet installs. However many Salvadorans now hold sats in self-custody, those sats don't care what the legislature says. The protocol-level adoption persists regardless of the legal-tender status.
The question for every country after El Salvador: do you want Bitcoin as policy, or Bitcoin as infrastructure? Policy can be revoked. Infrastructure just runs.
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