Aug 18, 2021
Date: Wednesday 4th August
Role: Growth Lead
El Salvador made history by becoming the first country to embrace Bitcoin as legal tender. This bold step to adopt Bitcoin empowers Salvadorians and utilises the network's powerful technology to build a better financial future for the country.
While nation-states adopting Bitcoin has been talked about for a long time amongst bitcoiners, El Salvador found itself in a unique position. The country is a dollarised nation with an incredibly popular leader. As such, President Nayib Bukele passed the Bitcoin Law with ease, but the hard part is still to come.
On September 7th, all eyes will be on El Salvador. So will this bold move be a catalyst for prosperity? And will other nations follow suit?
In this interview, I talk to Dan Held, the Growth Lead at Kraken. We discuss hyperbitcoinisation, El Salvador adopting Bitcoin, living on a personal Bitcoin standard and the regulatory game theory of Bitcoin adoption.