By Chris Lowe This week was all about bitcoin… In particular, the news that lawmakers in El Salvador have made the crypto legal tender. Bitcoin now joins the U.S. dollar as an official currency Salvadorans can buy stuff with… get paid in… and even pay their taxes in. The news has opened a new gateway for bitcoin adoption. It’s also the next great experiment in how we organize our money system. Do we leave it all in the hands of governments and their central banks? Or do we use decentralized, digital alternatives such as bitcoin? These are the big ideas we probed this week… And it happened right as we got news that the U.S. dollar has inflated at a rate of 5% over the past 12 months. That’s another way of saying it’s lost 5% of its buying power. Bitcoin, as we covered in Monday’s Cut is inflation proof. That’s one of the big reasons Salvadoran lawmakers are backing it. And on Thursday, we looked at why… no matter what happens with the experiment in El Salvador… the move has lit the fuse on similar moves around the world. You can check out those insights below. And don’t forget to catch the replay of Teeka Tiwari’s 24 Hours to 24/7 Freedom event. More than 15,000 of your fellow readers tuned in to hear from Teeka on a play he believes can shrink decades of wealth-building into just 24 hours. I know that sounds crazy. But Teeka backed up his claim with a ton of proof. Check that out here while it’s still online. Regards, Chris Lowe
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| No, the Feds Did NOT Hack Bitcoin… The bitcoin mass adoption megatrend has been gaining traction. But how secure is bitcoin, really? All that and more in today’s mailbag edition… |
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