Exhibit 530: El Salvador, a tiny nation which rarely made news before, became public enemy #1 of anti-coiners after adopting Bitcoin as legal tender.
Discussion
Adopting Bitcoin made them a target of countless media hit pieces (Pics 1, 2, 3). TradFi institutions refused help, made threats and took retaliatory actions (Pic 4). Thus creating a self-feeding loop which caused heavy discounts on bonds leading up to the country's default risk.
So who was blamed for this? Bitcoin of course.
And when El Salvador does not default and its bonds become of the best performing, Bitcoin is suddenly not a reason anymore
Tweet Reference: https://twitter.com/cryptohatelog/status/1700902831849349482