7/19/21 Peter McCormack on the Bitcoin Revolution Taking the World by Storm

7/19/21 Peter McCormack on the Bitcoin Revolution Taking the World by Storm

Peter McCormack discusses the latest developments in the world of Bitcoin. The most important news is that El Salvador moved to make Bitcoin legal tender, alongside the U.S. dollar, which McCormack says is huge for its viability as a mainstream currency. Bitcoin should help to solve several problems that have long plagued El Salvador’s economy, and other Latin American countries may well follow suit. More and more people are also spending and accepting Bitcoin around the world, rather than just using it as an investment, especially as payment networks get better. Of course, the U.S. government isn’t terribly happy about any of this, since it threatens the position of the dollar as the world’s reserve currency. The beautiful thing about Bitcoin, McCormack says, is that there’s nothing they can do to stop it.

Discussed on the show:

Peter McCormack is the host of the What Bitcoin Did podcast. Follow him on Twitter @PeterMcCormack.

This episode of the Scott Horton Show is sponsored by: The War State and Why The Vietnam War?, by Mike Swanson; Tom Woods’ Liberty Classroom; ExpandDesigns.com/Scott; EasyShip; Thc Hemp Spot; Green Mill Supercritical; Bug-A-Salt; Lorenzotti Coffee; Zippix Toothpicks and Listen and Think Audio.

Shop Libertarian Institute merch or donate to the show through Patreon, PayPal or Bitcoin: 1DZBZNJrxUhQhEzgDh7k8JXHXRjYu5tZiG.

https://youtu.be/KF6Pcn0GEhM

About Scott Horton

Scott Horton is director of the Libertarian Institute, editorial director of Antiwar.com, host of Antiwar Radio on Pacifica, 90.7 FM KPFK in Los Angeles, California and podcasts the Scott Horton Show from ScottHorton.org. He’s the author of the 2017 book, Fool’s Errand: Time to End the War in Afghanistan and editor of The Great Ron Paul: The Scott Horton Show Interviews 2004–2019. He’s conducted more than 5,500 interviews since 2003. Scott lives in Austin, Texas with his wife, investigative reporter Larisa Alexandrovna Horton. He is a fan of, but no relation to the lawyer from Harper’s. Scott’s Twitter, YouTube, Patreon.

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