BREAKDOWN: Biden’s Top Antitrust Adviser Is a Bitcoin Millionaire
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 8 June 2021
⏱️ 12 minutes
🧾️ Download transcript
Summary
Why being anti-Big Tech monopoly and pro-bitcoin are clearly compatible ideologies.
This episode is sponsored by Nexo.io.
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
-
Nexo.io lets you borrow against your crypto at 6.9% APR, earn up to 12% on your idle assets, and exchange instantly between 100+ market pairs with the tap of a button. Get started at nexo.io.
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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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