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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Highly Relevant Reading
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Saylor is buying more bitcoin
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JPM execs are talking about programmable money
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Deutsche Bank issues inflation warning
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Square and Blockstream are building solar-powered Bitcoin mining in the US
Community Commentary
Heckuva conversation
1/ “Bitcoin is the only way out”
My fireside w/ @jack is live on YouTube and now transcribed in @BitcoinMagazine as an essay.
We talk global adoption, ⚡, open systems, censorship-resistance, self-custody, and more.
Here’s a 🧵 with the big insights:
bitcoinmagazine.com/culture/the-ja…
Galaxy brain stuff
A Really Big Number We Should Be Paying Attention To
63.7
That’s the number of BTC the DoJ was able to recover from the Colonial Pipeline Hackers.
Final Thought
Love.
