Happy Wednesday, Blockfolians
For much of the last year, the big idea driving people to Bitcoin was the meme of “money printer go brrr” and the fear of future inflation. What if the next idea driving people to bitcoin is economic empowerment?
Certainly there has been no moment more suited to that. Last night, El Salvador’s President Nayib Bukele joined Nic Carter’s Twitter spaces and discusses the country’s plans in significantly more detail. It left the crypto community feeling more charged than it’s been in a very long time.
That doesn’t mean there aren’t battles to come or reasons for caution, but boy, it feels like the start of something big.
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Highly Relevant Reading
Miner shut downs in China
Demand for ‘green bitcoin’ on the rise
Elizabeth Warren goes after crypto around ransomware
A CFTC commissioner goes after DeFi
This dude moves fast
A Really Big Number We Should Be Paying Attention To
That’s how much Solana Labs just raised. Congrats!