in the tThird episode of Separating Money and the StateIván Gómez sits down with the PR & Marketing Manager of Bitfinex and Tether, Javier Bastardo, to explore the relationship between Bitcoin and the State, focusing on Bitcoin adoption in Venezuela, El Salvador and Lugano.
They discuss how need and trust are key factors in the transition to a more decentralized monetary system. They also analyze the impact of the Petro and stablecoins on the Venezuelan economy, as well as the differences in Bitcoin adoption between these countries.
The most relevant:
- Bitcoin adoption in Venezuela was driven by necessity due to hyperinflation.
- The Petro represents a distortion of the concept of Bitcoin.
- Stablecoins are gaining popularity in Venezuela as an alternative to the Bolívar.
- Trust in money is essential for its acceptance and use.
- El Salvador presents a different model of Bitcoin adoption, without Venezuela’s crisis of confidence.
- Innovation and necessity are key drivers for cryptocurrency adoption.
- Bitcoin is seen as a tool of resistance against state control.
- The Venezuelan economy needs monetary alternatives to survive.
- The separation of money and the state is crucial to individual sovereignty.
- Lugano’s experience in Switzerland shows a different approach towards Bitcoin adoption.