Second, the implications: This path towards adoption was not what we expected. What El Salvador’s move to use bitcoin directly suggests is that dollarized nations, or those who use another countries currency and in doing so become subject to their monetary policy decisions, may prefer bitcoin’s non-monetary policy to either domestic or imported control. That’s in sharp contrast to nations like India, China and the US who use their currencies and controls over it to accomplish policy goals. These powerful players see central bank digital currencies as a way to supercharge their monetary policy compared to their influence today over physical banknotes.