Part 5/14:
Ryan discusses the impact of Tesla’s Bitcoin purchase ($1.5 billion) and Salvador’s move to make Bitcoin legal tender, viewing these as macro trends indicating mainstream acceptance. Despite this, he warns against assuming that all countries will adopt Bitcoin uniformly—smaller countries may lead the charge, especially if the IMF or other economic bodies crack down.
He references the "Bitcoin Volcano Bond" and the development of Bitcoin City in El Salvador—projects that tie Bitcoin to nation-state infrastructure and debt instruments. While he isn't fully sold on the “Bitcoin Volcano Bond,” Ryan finds it an interesting game theory play that could influence other nations to consider similar initiatives.