Published On Apr 29, 2024
In the #1 moment of 21 moments, we unveil the most groundbreaking event of the third Bitcoin epoch: El Salvador's historic decision to embrace Bitcoin as legal tender.
At the forefront of this monumental shift was Jack Mallers of Strike, whose announcement at the Bitcoin 2021 conference, alongside a video from President Nayib Bukele, marked a pivotal moment in financial and monetary history. El Salvador's bold move not only integrated Bitcoin into its monetary system but also ignited a global conversation on the future of finance.
From the community-driven Bitcoin Beach Project to major brands like McDonald's accepting Bitcoin, El Salvador showcased the practical applications and mainstream acceptance of the digital currency.
Despite challenges such as volatility and regulatory concerns, El Salvador pressed forward, with President Bukele actively spearheading the country's Bitcoin strategy. The nation's innovative legislation, including tax exemptions and the launch of the Chivo Wallet, underscored its commitment to embracing financial innovation.
Hear from Jack Mallers himself, recounting the unforgettable moment when he received a DM from the Salvadoran government, setting the stage for one of Bitcoin's most significant milestones.
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