TD₿: Comeback Country: The Story of El Salvador (a film) by Bitcoin Shooter
TL;DR The adoption of Bitcoin has put El Salvador on a new path after struggling to recover from a civil war and decades of slow economic growth.
Hey Bitcoiners,
Before El Salvador adopted Bitcoin as legal tender, the small Latin American country rarely crossed the minds of Westerners.
The only time that El Salvador made headlines was for natural disasters or gang violence. I remember watching a whole documentary on gangs in El Salvador and thinking to myself, “Wow, El Salvador seems like a dangerous place.”
Of course, the reality on the ground was probably much different from that documentary, but it goes to show how El Salvador was broadly perceived globally before Bitcoin.
These days, El Salvador is in the news for very different reasons. It is now seen as a country that embraces new technology and who is trying to change its circumstances by building its economy on top of digital sound money. El Salvador and Bitcoin is arguably the greatest experiment in economics that the world has seen. We get to finally see in real-time how the theories of Austrian economists will play out in a world dominated by Keynesians.
To fully understand El Salvador, one must comprehend its complicated history both domestically and internationally with the United States of America and the International Monetary Fund.
This new documentary from Bitcoin Shooter provides a lot of context about El Salvador and its decision to adopt Bitcoin as its money. (09/30/22)
El Salvador has managed to change its reputation drastically over the course of the last year and is now on a completely different trajectory than before it adopted Bitcoin. This has resulted in tourism, foreign direct investment, and GDP exploding higher in El Salvador since they made Bitcoin legal tender.
It is incredible to see how Bitcoin can transform an entire nation and help create a more hopeful future based on sound money principles. It’s still in the early days, but it’s clear that Bitcoin has helped shine a light on a beautiful country that has been shrouded in darkness for far too long.
Tick tock next block,
Cory Klippsten
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