How a California surfer, an anonymous donor, a son of a future's trader and a social media-savvy president are making El Salvador the first country in the world to adopt bitcoin as legal tender and what it could mean.
latimes.com/world-nation/s…
Mike Peterson is a California surfer whose search for the perfect wave led him to a sleepy beach town in El Salvador called El Zonte. Thanks in large part to him, and an anonymous donation, it is now known as Bitcoin Beach.
latimes.com/world-nation/s…
Citing the town as inspiration, El Salvador President Nayib Bukele pushed a law through Congress this month that will make his country the first in the world to adopt it as legal tender.
latimes.com/world-nation/s…
Bukele, a 39-year-old Twitter star who fashions himself as a Silicon Valley-style disruptor, instantly became a hero to cryptocurrency fans who view his plan as their chance to prove to the world that Bitcoin can replace traditional money on a wide scale.
latimes.com/world-nation/s…
But Bitcoin’s wild fluctuations in value mean users can also get burned. Like when billionaire Elon Musk announced that his Tesla electric car company would no longer accept Bitcoin as a form of payment and the value quickly dropped.
latimes.com/world-nation/s…
Where do you think bitcoin goes from here? Please let us know in the comments section of this story.
latimes.com/world-nation/s…

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24 Jun
While completing orders and going over inventory, employees at a San Joaquin Valley pistachio company realized something didn’t add up.

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latimes.com/world-nation/s…
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