June 13, 2021
65: El Salvador Adopting Bitcoin - So What?
El Salvador is the first country to adopt Bitcoin as its official legal tender. This has many broad reaching implications, all discussed within this episode. In this episode we discussed El Salvador's bold step towards adopting Bitcoin, the economic benefits of doing so, their future plans for mining bitcoin using thermal energy (volcano), and the possible positive and negative repercussions of implementing the Bitcoin Standard. (00:00) - Introduction (02:20) - El Salvador makes BTC Legal Tender (04:48) - The dollarization of El Salvador, and the freedom that comes with BTC (08:42) - El Salvador want to mine Bitcoin using renewable energy, and what this could mean for other countries (18:54) - Keeping Elon Musk in mind, what if El Salvador change their mind in the near future? (29:13) - Discussing the economic difficulties, and geopolitical realities faced by the people of El Salvador (41:48) - Wrapping Up, and Closing Thoughts Edited and Mixed by Kaushik Sethunath. Visit the Go Full Crypto website at: