595: BITCOIN IS HACKING DICTATORSHIPS JUST LIKE IT IS BIG TECH!! YOU WILL NEVER HAVE TO SELL YOUR BTC!!
Within Bitcoin, the word on everyone’s lips is “El Salvador.” President Nayib Bukele formally announced that he would send a bill to parliament to make BTC legal tender. Should it succeed, El Salvador would be the first nation on Earth to do so, effectively adopting something akin to a “Bitcoin standard.”
Now a politician from Paraguay (Carlitos Rejala) has posted a laser eyes photo and promised a Bitcoin announcement this week. Just as we saw MicroStrategy start the domino effect for public companies, El Salvador will likely be a catalyst for other countries.
For Caitlin Long, founder and CEO of Avanti Bank, there may be bigger forces at play. "Bitcoin is hacking dictatorships, just like it’s hacking big tech. Bitcoin doesn’t care WHY El Salvador’s president wants to make BTC legal tender - it doesn’t matter. Bitcoin already put Jack (Dorsey) on defense about Twitter censorship (he announced a decentralized version is coming)."
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