El Salvador & Nation-State Adoption of Bitcoin | 044

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 BitcoinMade Bitcoin legal tenderAccumulating 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 successAlready $100m in profit on BitcoinEconomy is flourishingBitcoin businesses and tourism are flocking to El SalvadorCrime down dramaticallyEl Salvador is boot-strapping its own wealth and prosperity.  Self-sovereignty and independence.  Weening itself off of an endless cycle of extractive IMF loansEl Salvador is doing on a national level what Michael Saylor is doing on a company-levelShowing the world what happens when a country fully embraces BitcoinOther countries are taking noticeEl Salvador is the first, but more and more countries will follow the playbookIn the end, every rational actor (person, company, country) will accumulate BitcoinSong of the day: Lawyers, Guns & Money by Warren Zevon