Happy Wednesday, Blockfolians

The Lede

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

Community Commentary

Preach

Qiao Wang @QwQiao

BTC is the gateway drug to the rest of crypto. Always has been. There’s absolutely no need for ETH people to be salty. BTC succeeds = everyone succeeds.

June 9th 2021

135 Retweets1,573 Likes

This dude moves fast

Nayib Bukele 🇸🇻 @nayibbukele

Our engineers just informed me that they dug a new well, that will provide approximately 95MW of 100% clean, 0 emissions geothermal energy from our volcanos 🌋

Starting to design a full #Bitcoin mining hub around it.

What you see coming out of the well is pure water vapor 🇸🇻

June 9th 2021

3,694 Retweets15,887 Likes

A Really Big Number We Should Be Paying Attention To

$314m

That’s how much Solana Labs just raised. Congrats!

Final Thought

Perfect.

Captain Mutatu II 🟩 @Bitcoinbot1987

El Presidente, Hello.

June 9th 2021

109 Retweets2,068 Likes