El Salvador's President Nayeb Bukel bought at the wrong time and thus wasted a lot of money that his people paid and then continued to buy, which means that either he does not have economic advisors and this is a disaster, or he has and the disaster is greater.
What are you even saying here?
If you bought bitcoin at the wrong entry which is high and the market goes down, what do you do?
Do you sell at loss and not buy again.
Or you continue with DCA to buy more at low if you have the fund?
He took a risk and it didn't pay off (this could change though). If he hit the bottom and the price skyrocketed after he bought - he would get all the praise, so, on the same token, it's fair to give him a little criticism when things went not his way.
Also, I could be wrong, but I think he did a little brag on twitter after BTC went briefly up after the first purchase(s) - so yeah, you can't take credit without accepting responsibility.
And it didn't look like DCA was a plan from the start.
I'm not saying El Salvador shouldn't be buying bitcoin, but whoever makes such decision should be held accountable.