Part 12/16:
They both stress that Bitcoin may herald a transition towards a "prudent" society that values savers and long-term stability rather than reckless risk-taking or monetary debasement. Harry, a mutual acquaintance, is quoted as saying that Bitcoin "demonetizes the political class" by removing their ability to inflate away wealth.
The Impact of Bitcoin on Small Nations: El Salvador as a Case Study
The narrative highlights El Salvador’s pioneering move to adopt Bitcoin as legal tender. Pete describes how this has reduced gang violence, increased GDP, and connected the population to a global financial network. Small countries embracing Bitcoin can have outsized effects, demonstrating the network’s potential for economic sovereignty and social equity.