This year, the bitcoin adoption conversation has largely centered around two factors. Those are: institutional buying, including by sponsors of funds like BRRR, and more corporations adding the largest cryptocurrency to their treasuries as an alternative to fiat currencies. To be sure, those are valid fundamental contributors to bitcoin’s 2025 gains. But arguably lost in the conversation is adoption by various countries. That issue received some attention in recent years, particularly in 2021, when El Salvador declared the digital currency legal tender. Today, the Central American nation is the sixth-largest sovereign holder of bitcoin. But there’s more to the story, and the “more” could hold positive implications for assets such as BRRR.