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The Breakdown

Biden’s Top Antitrust Adviser Is a Bitcoin Millionaire

The Breakdown

Blockworks

Investing, Business

4.8806 Ratings

🗓️ 9 June 2021

⏱️ 12 minutes

🧾️ Download transcript

Summary

On today’s episode, NLW looks at a grab bag of recent news: El Salvador’s bitcoin announcement makes waves as politicians from six more Central and South American countries change their profiles to laser eyes Donald Trump resurfaces to rip bitcoin again  No, the FBI didn’t break bitcoin  Why Tim Wu’s bitcoin holdings are intellectually consistent with his antitrust stance    -- Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Get started at nexo.io -- Enjoying this content?   SUBSCRIBE to the Podcast Apple:  https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb Spotify: https://open.spotify.com/show/538vuul1PuorUDwgkC8JWF?si=ddSvD-HST2e_E7wgxcjtfQ Google: https://podcasts.google.com/feed/aHR0cHM6Ly9ubHdjcnlwdG8ubGlic3luLmNvbS9yc3M=   Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW   The Breakdown is produced and distributed by CoinDesk.com

Transcript

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0:00.0

Welcome back to The Breakdown with me, NLW.

0:09.1

It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.

0:15.9

The breakdown is sponsored by nexo.io and produced and distributed by CoinDes.

0:24.6

What's going on, guys? It is Tuesday,

0:31.9

June 8th, and today is a multi-news recap sort of day. There has just been so much going on,

0:39.4

so I wanted to have an episode where I got into a few different topics. First up, we have news to follow up with out of Central and South America. By the time I recorded yesterday about El Salvador's announcement that they were

0:45.7

submitting a bill to make Bitcoin legal tender, there had already been a politician from

0:50.2

Paraguay who had added laser eyes and referenced their inspiration from El Salvador.

0:55.5

Since then, politicians from Panama, Brazil, Nicaragua, Mexico, Ecuador, and Argentina

1:01.0

have all added laser eyes as well. The official from Paraguay, Carlitos Reale, wrote,

1:07.5

As I was saying a long time ago, our country needs to advance hand in hand with the new generation.

1:12.3

The moment has come.

1:13.7

Our moment.

1:14.7

This week, we start with an important project to innovate Paraguay in front of the world.

1:19.0

The Real One to the Moon, BTC, and PayPal.

1:22.8

In Panama, an official wrote, this is important, and Panama cannot be left behind.

1:28.2

If we want to be a true technology and entrepreneurship hub, we have to support cryptocurrencies. We will be preparing

1:32.9

a proposal to present at the assembly. If you're interested in building it, you can contact me.

1:38.1

Now, there is a cynical take here, and that is that these politicians figured out that

1:41.7

putting laser eyes on would get a swarm of people to follow them and retweet them, potentially making them look more significant than their position

1:48.0

really suggests. Indeed, bitcoiners are tweeting summaries of these places as though the leaders

1:53.0

of all of them have declared Bitcoin legal tender as well, and that's obviously not the case.

...

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