COINDESK DAILY: El Salvador and Bhutan's Bitcoin Retreat; MicroStrategy Buys $2B BTC
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 9 December 2024
⏱️ 3 minutes
🧾️ Download transcript
Summary
Host Christine Lee breaks down the latest news in the crypto industry from El Salvador's bitcoin retreat to MicroStrategy's BTC bag.
El Salvador is reportedly in talks to scale back its use of bitcoin as legal tender and a reserve asset to secure a $1.3 billion dollar loan from the IMF. Plus, Bhutan sent over 400 BTC to crypto trading firm QCP Capital and MicroStrategy purchases another 21,550 BTC worth over $2 billion dollars. "CoinDesk Daily" host Christine Lee breaks down the biggest headlines in the crypto industry today.
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This episode was hosted by Christine Lee. “CoinDesk Daily” is produced by Christine Lee and edited by Victor Chen.
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Transcript
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| 0:00.0 | It's a red-looking Monday, December 9th, 2024. |
| 0:03.5 | This is Coiness Daily. |
| 0:04.9 | I'm your host, Christine Lee. |
| 0:11.2 | Imagine a blockchain built for you. |
| 0:13.4 | No wallets, no keys, no hassle. |
| 0:16.2 | Just innovation. |
| 0:17.7 | Welcome to Zion. |
| 0:19.0 | The first walletless layer one blockchain purpose built for consumer adoption. With Zion, the first Walletless Layer 1 blockchain purpose-built for consumer adoption. |
| 0:23.4 | With Zion, developers can build launch and scale products that are ready for the masses. |
| 0:28.5 | No technical barriers for users, thanks to groundbreaking chain abstraction. |
| 0:33.0 | All it takes to join the crypto revolution? |
| 0:35.4 | An email. |
| 0:36.5 | Say goodbye to complexity and hello to possibility. |
| 0:39.7 | Ready to take the leap? Explore Zion today at zion.com. Bitcoin retreating below the $100,000 |
| 0:47.5 | milestone. This says El Salvador is in talks to scale back its use of Bitcoin as legal tender |
| 0:53.2 | and a reserve asset to secure a |
| 0:55.6 | $1.3 billion loan from the IMF. The Financial Times reporting that a deal could be reached in the next |
| 1:01.3 | two to three weeks and could also unlock another $1 billion loan from the World Bank and $1 billion |
| 1:06.6 | in lending from the Inter-American Development Bank over the next few years. |
| 1:16.0 | This as Salvadoran president, Naibu Keli, has been highlighting his country's unrealized gains from its Bitcoin investments on X worth more than $333 million after BTC surpassed $100,000 |
| 1:22.6 | for the first time last week. |
| 1:26.1 | Meanwhile, the royal government of Bhutan sent over 400 Bitcoin's worth about $40 million |
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