El Salvador & Nation-State Adoption of Bitcoin | 044
A look into the first country to embrace Bitcoin
March 15, 202445m 52s
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Show Notes
I this episode, Dan and Trent take this pod international and break down the exciting developments in El Salvador.
- El Salvador is first country to fully embrace Bitcoin
- Made Bitcoin legal tender
- Accumulating Bitcoin for its national treasury
- Mining Bitcoin with 100% renewable abundant geothermal energy from its volcano
- Issuing bonds backed by its Bitcoin mining operations to fun development projects
- Less than 3 years and its already a massive success
- Already $100m in profit on Bitcoin
- Economy is flourishing
- Bitcoin businesses and tourism are flocking to El Salvador
- Crime down dramatically
- El Salvador is boot-strapping its own wealth and prosperity. Self-sovereignty and independence. Weening itself off of an endless cycle of extractive IMF loans
- El Salvador is doing on a national level what Michael Saylor is doing on a company-level
- Showing the world what happens when a country fully embraces Bitcoin
- Other countries are taking notice
- El Salvador is the first, but more and more countries will follow the playbook
- In the end, every rational actor (person, company, country) will accumulate Bitcoin
- Song of the day: Lawyers, Guns & Money by Warren Zevon