Yes, I think that's correct. The fact that Bitcoin is legal tender means that you cannot refuse it as payment should someone chooses to use it, but USD is still going to be accepted just like before.
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So El Salvador will have 2 legal tenders: USD for fiat money and BTC for crypto. Any Ethereum or Dogecoin fanatics going to El Salvador had better convert assests to Bitcoin first.
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Hahaha that's right
Unless the president goes crazy and decides to make those legal too!
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If the experiment in El Salvador works, why not? He could even have the legislature pass legislation which allow all forms of crypto to be used in the country, and he would sign that legislation into law.
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