In this episode, Efrat sits down with Mike Peterson to hear the story of Bitcoin Beach from his perspective. Mike explains how a small surf town in El Salvador, El Zonte, became the birthplace of the first Bitcoin circular economy. What started with simple incentives for kids to stay in school and help their community grew into a model of financial inclusion that changed how families and businesses interact with money.

Mike shares how Bitcoin adoption reshaped daily life during the COVID-19 crisis, when families depended on it for food and essentials. He describes how the local financial system evolved as people began saving for the first time, moving from a “live for today” mindset to understanding Bitcoin as digital gold. This shift brought new confidence, a sense of community empowerment, and real economic opportunities.

The conversation highlights how Bitcoin Beach influenced tourism, attracted global investors, and inspired dozens of similar projects worldwide. Mike also reflects on El Salvador’s unique position, its challenges with the IMF, and what it means for a country to pursue monetary independence. His story shows how grassroots adoption can spark broader change and why circular economies may be key to financial resilience in the future.

-Bitcoin Beach Team

Connect and Learn more about Efrat Fenigson:
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YT: https://www.youtube.com/@EfratFenigson 

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IG: @bitcoinbeach_sv
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Browse through this quick guide to learn more about the episode: 

00:00 How Bitcoin Beach began in El Zonte
01:50 Life in El Salvador before Bitcoin adoption
03:45 Why Bitcoin incentives mattered for local youth
06:40 How COVID-19 accelerated Bitcoin use in the community
08:28 The role of Bitcoin in helping businesses recover
09:33 Building a new culture of saving through Bitcoin
12:07 Bitcoin adoption beyond El Zonte
13:26 The rise of Bitcoin tourism in El Salvador
16:15 New circular Bitcoin economies around the world
20:39 How the IMF views El Salvador’s Bitcoin strategy
23:49 Can the IMF pressure El Salvador to back down
26:23 What freedom money means for everyday life

Live From Bitcoin Beach