El Salvador Poised to Become the First Bitcoin Country: Just How Big a Deal Is This?

A discussion of the implication of El Salvador’s announcement for Salvadorans, bitcoin and the world at large.

Jun 7, 2021

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A discussion of the implication of El Salvador’s announcement for Salvadorans, bitcoin and the world at large.

This episode is sponsored by Nexo.io.

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On Saturday, the Bitcoin 2021 organizers teased that one of the biggest announcements in bitcoin’s history was coming.

That announcement ended up being from El Salvador President Nayib Bukele, who shared that he was advancing a bill to make bitcoin legal tender in the country.

Since then there has been a huge amount of debate and discussion about the implications and the significance of the move. In this episode, NLW breaks down the story from multiple angles.

Image credit: Camilo Freedman/Bloomberg/Getty Images

HOST

Nathaniel Whittemore

NLW is an independent strategy and communications consultant for leading crypto companies as well as host of The Breakdown – the fastest-growing podcast in crypto. Whittemore has been a VC with Learn Capital, was on the founding team of Change.org, and founded a program design center at his alma mater Northwestern University that helped inspire the largest donation in the school’s history.