The Bitcoin Law Announcement Was A Special Day In History
It was June 2021, Miami. When I think back to that day, I remember the lines and the crowds: It was a hot, sunny afternoon. It was also the first Bitcoin event I had attended in more than a year after the pandemic. It’s an understatement to say that I was uncomfortable both physically and socially. As if that wasn’t enough, I was also feeling adrenaline from sneaking past security guards who were removing people standing in hallways and fire exits. It was like people were trying to get in, or maybe they were just trying get in the air conditioner. I don’t know. But I believe this was ground zero for a new BTC version. After I got through, it was even more special.
This was not a typical announcement with fancy buzzwords, logos, and press releases. It was a moment filled with emotion, energy, and excitement. There was hope in the air. After that experience, I felt optimistic about the future for El Salvador, Bitcoin, and the rest of the world. Jack Mallers was also a great guy. He was so emotional that it was difficult for him to speak. I can still remember feeling his concern and care when he spoke about El Salvador. It was infectious.
This was a significant day in Bitcoin’s history. Although Bitcoin does not require governments to adopt it yet, I believe that the sooner governments do so, the sooner we can move to a sound money system. This will make the transition more peaceful and harmonious. This will be remembered in history and in my mind as the beginning of nation-state game theory. As Mallers, the chess man, says, it’s a “pawn to E4 moment.”
Before 2021, it was only speculation that governments would adopt bitcoin. We Bitcoiners knew that the game theory would eventually make it happen, but it all became a reality with the Bitcoin Law from El Salvador. It was also proposed to be legal tender. It’s important to remember that I had only seen photos of El Salvador’s stunning beaches and knew very little about El Salvador before the announcement. After the announcement, I did a deep dive into the country’s history and learned a lot more. It made me question who was shaping my views: the media or myself. I am happy to report that I now understand how Bitcoin first helps those who are most in need.
As I look back at the announcement one year later I realize that maybe everything is going exactly as it should. I take a moment to reflect on my frustration with my peers in the United States and the resistance to Bitcoin. But now I see that they will adopt later — because they don’t need bitcoin yet. This was a huge shock to me. It really opened my eyes and made me realize the differences in cultures around the globe. And the best thing about Bitcoin is that it’s for everyone. Thank you to Jack Mallers, President Bukele, and the nation El Salvador for pushing for the goal of Bitcoin being accessible to all.
This guest post is by Bap. Bap has contributed this guest post.
The author of 5 books, 3 of which are New York Times bestsellers. I’ve been published in more than 100 newspapers and magazines and am a frequent commentator on NPR.