BREAKDOWN: Elon S**tposting While El Salvador's President Addressed the Nation About Bitcoin Is Peak 2021

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4.7 • 698 Ratings

🗓️ 25 June 2021

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

President Nayib Bukele launches what some are calling the most important airdrop in history. This episode is sponsored by Nexo.io and Circle. Last night was one for the history books. As Elon Musk was making weird, stupid jokes about bitcoiners, the president of El Salvador was live on YouTube discussing what amounts to a $117 million BTC airdrop to citizens as a part of the recently passed law making bitcoin legal tender in the Central American nation. - 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. - Circle Yield, now in early access, enables qualified businesses to generate returns up to 6% with 1 to 12 month terms by deploying capital into USDC on a Circle Account. Sign up for the fully secured, institutional yield product at circle.com/nlw. - Image credit: @PresidenciaSV/Twitter and @ElonMusk/Twitter See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:45.6	That's audible.com slash Wondery UK.
0:53.8	Welcome back to The Breakdown with me, NLW.
0:58.8	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
1:05.3	The breakdown is sponsored by nexo.io and circle and produced and distributed by CoinDesk.
1:12.2	What's going on, guys? It is Friday, June 25th, and man, did we have a quintessential moment
1:19.1	last night? An audible hush had fallen over Bitcoin Twitter as El Salvador's president
1:24.9	Naibu Kelle began an address to his nation distributed
1:28.0	over radio, YouTube, and beyond. Peter McCormick pulled in Bitcoin beaches Mike Peterson to
1:33.6	translate it live as it was happening via Twitter spaces. Numerous Spanish-speaking Bitcoiners were
1:38.6	threading the key aspects of the conversation. And then there was Elon,
1:43.0	posting away, having himself a merry old time.
1:46.7	It was, at least for Bitcoiners, absolutely peak 2021. On one end of the spectrum, a nation on the verge
1:55.0	of showing the power of Bitcoin for economic empowerment and change. On the other,
	...

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