Welcome back to The Breakdown with me, NLW.

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

The breakdown is sponsored by mexo.io and circle and produced and distributed by CoinDes.

What's going on, guys? It is Friday, June 25th, and man, did we have a quintessential moment

last night. An audible hush had fallen over Bitcoin Twitter as El Salvador's president,

Naibu Kelle, began an address to his nation distributed over

radio, YouTube, and beyond. Peter McCormick pulled in Bitcoin beaches Mike Peterson to translate it

live as it was happening via Twitter spaces. Numerous Spanish-speaking bitcoiners were threading the

key aspects of the conversation. And then there was Elon, shit posting away, having himself a merry old time.

It was, at least for Bitcoiners, absolutely peak 2021. On one end of the spectrum, a nation on the verge of

showing the power of Bitcoin for economic empowerment and change. On the other, an eccentric billionaire who remains invested

in Bitcoin despite seemingly to delight mostly in triggering its most ardent supporters.

Anyway, let's talk about the Elon side of the equation before we get to the much more

useful, relevant El Salvador news. Jack Dorsey posted about an event that was just announced.

The event is called the B-word,

how institutions can embrace Bitcoin. It's sponsored by the Crypto Council for Innovation,

Ark Invest, Square, and Paradigm. The description on the website reads, The B-word is a Bitcoin-focused initiative that aims to demystify and destigmatize mainstream narratives about Bitcoin, explain how

institutions can and should embrace it, and raise awareness around areas of the network that need

support. Jack added in his tweet, the Bitcoin development community above all else.

As more companies and institutions get into the mix, we all want to help protect and spread what

makes Bitcoin

open development so perfect. This day is focused on education and actions to do just that.

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