As many of us already know El Salvador sits on $84M dollar unrealised profit from holding since September 2021, A government that completely supports and encourages BTC got me thinking how it is going to work in Long-Term? Dropping the tax on Crpyto from 30% to 0% is just beyond me. Keep in mind that El Selvador is not a First world country, It is a Third World developing country. How are they going to develop infrastructure and invest lots of money into education and health sectors? Everyone now living there is going to choose crypto over their local currency which is gonna make the whole country decentralised.
Investment in Bitcoin is not the major source of revenue of the government of El Salvador. The country also earn money from agriculture, services and industrial activities. Bitcoin is just part of the investment of the country spearheaded by its president Nayid Bukele. Reducing the tax on Bitcoin is an economic strategy to attract crypto investors as well as tourists to the country. The government knows that if more businesses are established employment opportunities will increase and other sectors such as housing, hospitality, educational, etc would also enjoy the positive effect of these businesses. It is true that the country needs money to provide infastructure but these crypto friendly polices are veritable tools to expand the economy and speed up development.
El Salvador is a small, poor and insecure country, and they are struggling economically and are in serious debt, i don't know how they are going to come out of all this, but it is surely not through BTC as some people think.
El Salvador has one of the lowest crime or murder rate in America, second to only Canada. The rate of homicide reduced by 70% last year due to the reforms of the current administration. Before now the country was plagued with violent gang crimes. So it might not be wrong to state that the country is safe to a large extent. 
