Dear Readers,
In many ways, it seems like one of the primary stories of the 2020s will be governments either coming to terms with Bitcoin and Crypto or trying to ban them outright. We’ve certainly had strong examples of both recently:
El Salvador embraced Bitcoin back in the summer of 2021, rolling it out as legal tender around the country and then doubling down by buying dips, mining with geothermal energy from volcanoes, announcing a sovereign Bitcoin bond, and more.
China rebuffed Bitcoin and Crypto by banning any activity related to the industry, including trading, mining, or making payments with cryptocurrencies. Granted, China has imposed various bans in the past with limited success and the current ban may also fall by the wayside in the coming years.
