El Salvador’s President @nayibbukele just said he believes the country’s adoption of bitcoin will lead to more opportunity for his citizens, which should reduce the number of people leaving the country and illegally immigrating to the United States.

“This is good for the US”
“We’re big believers in the future.” - @nayibbukele
“When did our vision of the future change from something so beautiful to something so dystopia? We have to remember that we build our future.” - @nayibbukele
“Bitcoin is the main cryptocurrency in the world. It solves a lot of problems. There is no oversupply.” - @nayibbukele
“We not only want to support it [bitcoin], but we want to demonstrate that the world can benefit from it. El Salvador is not only a country anymore. It is a symbol of what bitcoin can do.” - @nayibbukele
“It is not that I’m a Bitcoiner or a bitcoin holder. It is that I think that this is a huge game changer. Not only for El Salvador, but for the whole world.” - @nayibbukele
El Salvador’s President confirms that citizens can use any bitcoin wallet that they want.

“As free as it gets.” - @nayibbukele
El Salvador’s President @nayibbukele confirms that @jackmallers and Strike will be building the government wallet as the country adopts bitcoin.
There are 20,000+ people listening directly from El Salvador’s President in real time as his country adopts bitcoin as legal tender.
El Salvador’s President is now describing geothermal energy sources from volcanoes that could be used for bitcoin mining within the country.

Energy would be cheap, 100% clean, 100% renewable power. Originally not for bitcoin, but now obvious it could be used for mining.
I asked the President what bitcoin community could do to help him & El Salvador as they adopt the digital currency as legal tender.

He essentially asked for support because he believes some people will attack the idea and effort.

Believes his action will be catalyst for others.
The President of El Salvador just confirmed that they will hold $150 million in a trust fund through their development bank.

That will be used to purchase bitcoin from citizens over time.

They are not ruling out the idea of holding bitcoin in their reserves in the near future.

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More from @APompliano

9 Jun
Many businesses are trying to identify a strategy to participate in the trillion dollar crypto market and they're choosing a unique way to enter the market.

Time for a quick thread 👇🏼👇🏼👇🏼
1/ Stablecoin lending markets have become an important part of the crypto ecosystem, and they’re still growing, with more than $100 billion stablecoins now in circulation.
2/ Returns are higher than traditional capital markets based on borrowers willing to pay a premium for stable on-chain assets like USD Coin (USDC).

Returns vary by platform, but compared to traditional yields, stablecoin yields are incredibly more attractive.
Read 7 tweets
7 Jun
One of my goals this year is to help 10,000 people get hired in the bitcoin and crypto industry.

We have been making considerable progress against this goal.

Quick update 👇🏼👇🏼👇🏼
As a reminder, our employment business has two products today:

1. Job board
2. Training Program

We continue to scale these products, while developing new ones. @CJSakamoto15 is running everything like a pro — direct all new ideas to him :)
There have been more than 40,000 people who have applied for jobs on the job board.

One company hired 25 people in the first 4 months off the job board, which is approximately 3% of their global work force.

Apply for roles here: pompcryptojobs.com
Read 9 tweets
24 May
Bitcoin is down ~25% over the past 10 days.

But it has still outperformed gold by 66x and the S&P 500 by 11x over the last decade.

IMHO - Bitcoin is the world’s best savings technology.

Here's a thread on how to keep more of it. 👇👇👇
2/ First, look at what investors call CAGR (Compound Annual Growth Rate). It's a way to break down growth across assets, on the same time frame, and compare them.

Over the past decade, Bitcoin's is 132%.

Gold's is 2%. The S&P 500's is 12% (h/t @Case4Bitcoin)
3/ A 132% CAGR means that your money has more than doubled every year over the past decade 🤯
Read 12 tweets
22 May
1/ @Gemini recently launched a really comprehensive State of Crypto U.S. report and there are some really exciting and eye-opening stats:

2/ According to @Gemini’s report about 14% of US citizens own crypto.

This is about 21.2 million US adults.
3/ While just 26% of current crypto holders are women, women account for more than half (53%) of those interested in getting into crypto soon.

There is an opportunity here and the industry should be paying attention.
Read 7 tweets
21 May
Man of my word.

Bitcoin Pizza party tomorrow at 12 noon in Washington Square Park.

NYC 🤝 Pizza 🤝 Bitcoiners
You can RSVP here for NYC Bitcoin Pizza Party.

If you’re not in NYC, you can order Bitcoin Pizza in 10 cities around the country starting tomorrow.

Read 4 tweets
18 May
Today I am announcing Bitcoin Pizza - a new national pizza brand that is launching in 10 cities.

The first pizzas will be delivered this Saturday, which is the 11 year anniversary of the infamous bitcoin pizza transaction.

Buy pizza: eatbitcoinpizza.com 🔥🔥
How Bitcoin Pizza works:

- Go to eatbitcoinpizza.com
- Order pizza
- Local shop makes pizza
- Pizza delivered in Bitcoin Pizza box
- Profits from pilot donated to @HRF's Bitcoin Development Fund

Buy pizza. Promote bitcoin. Help small business. Build bitcoin. Everyone wins.
The Human Rights Foundation's Bitcoin Development Fund was a no brainer partner for us on this.

They are doing amazing work to help support the people who work tirelessly every day to make sure that bitcoin continues global ascension to mass adoption.

Read 7 tweets

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