El Salvador and the Next Phase of Bitcoin

Happy Monday

The Lede

In retrospect, it was inevitable. With the Bitcoin 2021 audience watching, a prepared statement from El Salvador’s President Nayib Bukele ushered Bitcoin into a new era. Nominally, this was about Bitcoin becoming legal tender in El Salvador. The bigger implications, however, are about where Bitcoin fits in the world.

It started a cascade:

Qiao sums it up nicely

What a timeline we live in.

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A Really Big Number We Should Be Paying Attention To


That’s the number of BTC the DoJ was able to recover from the Colonial Pipeline Hackers.

Final Thought