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El Salvador’s Bitcoin Gambit
John joins Glen from A Quiet Place to unpack El Salvador’s unexpected decision to treat Bitcoin as legal tender, in parallel with the US dollar- as well as last week’s wild ride in cryptocurrency prices.
Links related to this episode:
Reuters’ coverage of El Salvador’s move to treat bitcoin as legal tender: https://www.reuters.com/world/americas/el-salvador-approves-first-law-bitcoin-legal-tender-2021-06-09/
…and the World Bank’s passive resistance: https://www.reuters.com/business/el-salvador-keep-dollar-legal-tender-seeks-world-bank-help-with-bitcoin-2021-06-16/
The Tennessee glory that is Mule Day: https://en.wikipedia.org/wiki/Mule_Day
The BIG website: www.big-fintech.com
Best Innovation Group’s ongoing Digital Town Halls for Credit Union best practice sharing, held each Wednesday afternoon. Request an invitation here: https://www.big-fintech.com/CU-Digital-Town-Hall
Follow the Best Innovation Group on Twitter: @bigfintech
Follow Glen on Twitter @154Advisors
Follow John on Twitter @jbfintech