Welcome to Bitcoin Beach

El Salvador’s millennial president Nayib Bukele is no tourist when it comes to Bitcoin. Last year, under his leadership, El Salvador became the first country in the world to approve Bitcoin as a form of legal tender. Since then, President Bukele has bought more than 2,000 Bitcoins using public funds. He doesn’t appear to be stressed by the market volatility, or by the drumbeat of international organizations like the IMF that have criticized his crypto decisions. He’s even created a so-called “Bitcoin beach” in the coastal town of El Zonte as a pilot project. In this episode, Bloomberg reporter Mike McDonald joins to talk more about the sustainability of El Salvador’s Bitcoin strategy.See omnystudio.com/listener for privacy information.

Om Podcasten

In this daily podcast, Bloomberg’s reporting team teases out what’s actually important in the crypto conversation. Led by crypto editor stacy-marie ishmael, the show draws on reporters and editors around the world and credible voices from across the industry. Episodes cover everything from regulation to NFTs to DeFi to the environmental considerations surrounding an asset class shaping the future of finance.