I think this stability with an upward bias is a very, very good thing

I imagine vendors in El Salvador being comfortable holding onto BTC until they can pay their electric bills etc. with it and every day that BTC that would have been traded on an exchange are not traded is upward pressure on price.

ES is but one fairly small country but if you look at its GDP, it sure seems like it could have a significant effect. The key is for this holding/circular economy to continue to grow -- in ES and elsewhere.

There won't be news items about this: it is a subtle effect which we might be observing right now.

And if in ES you cannot yet pay utilities with BTC, then imagine what happens when the announcement that one can do this -- Bukele might be accumulating BTC for the treasuring prior to such an announcement.

A country being enthusiastic about BTC is another level beyond even very rich people investing in it -- I am pretty sure ES has more wealth than any single individual and there is a huge difference between individuals buying BTC and BTC being the legal tender of even a small economy.

I am hoping Guat and ES start doing projects jointly involving BTC.