El Salvador Officially Made Bitcoin Legal Tender as President Bukele Casually Chatted on Twitter Spaces

Recapping a historic evening.

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Recapping a historic evening.

This episode is sponsored by Nexo.io.

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Last night, El Salvador voted to pass the bill making Bitcoin legal tender. As representatives debated the bill, the President of El Salvador Nayib Bukele and his brother and campaign manager Karim Bukele surprise-joined a Twitter Space hosted by Nic Carter, where the president would spend about an hour answering questions.

In today’s episode, NLW breaks down:

The substance of the bill
Specific elements of the plan from the Spaces chat - including Volcano mining and the Bitcoin cost of foreign residency
The historical significance of the moment for Bitcoin, media, El Salvador and more

Image credit: Twitter Spaces Screenshot and Nayib Bukele/Twitter

HOST

Nathaniel Whittemore

NLW is an independent strategy and communications consultant for leading crypto companies as well as host of The Breakdown – the fastest-growing podcast in crypto. Whittemore has been a VC with Learn Capital, was on the founding team of Change.org, and founded a program design center at his alma mater Northwestern University that helped inspire the largest donation in the school’s history.