Salvadoran citizen here, my 2 latest properties that I just purchased it was done over Chivo Wallet Great for us we didn't pay fees or taxes 😊 It is a slow start but is going well with younger people
This is one of the best level-headed conversations about the slow and hopeful process of allowing Bitcoin to stabilize and interact with our current global financial system. It just might be the anchor that allows this planet to weather our current storm of change. Great interview.
Looks like a great way to condition people to use CBDCs. Central banks will never willingly relinquish the power to create new currency. Bitcoin could be used as a testbed because it already exists - and then introduce a gov't sanctioned CBDC. At the end of the day people 'trust' Bitcoin because others do - the bitcoin always has to be denominated in a 'currency' equivalent...and neither the bitcoin, nor the 'currency' it converts to, are based on anything of 'intrinsic' value (we create currency as 'debt')... other than the fact others out there, are willing to take them off you, and convert them into currency for buying actual 'stuff'... even when they exchange bitcoin for stuff - it's still denominated in a 'currency' (Dollars) which is going down in purchasing power (inflation). I suspect a digital currency based on something like gold (or a basket of commodities) could work, because as currency goes down in value, the 'price' of gold & other commodities goes up. So inflation is capped at however much new gold can be mined in a year (which I believe is about 2% extra added p.a. when mining is ramped up).
@@lunarwireable It's not a thing. It's a story to get stupid Americans to buy digital nothing with their worthless fiat so that inflation in REAL assets doesn't go too high, too fast.
Sorry to say it but its a failed project so far, nobody is using bitcoin. It is just an insignificant amount of people using it and not even on regular basis. Cash still king in El Salvador.
BTC, currently is a leading indicator of the market. Some people are considering to see BTC before VIX. Meaning that, recently BTC had a surge, which correlate to SPX October seasonality. Pitty to say that BTC didnt dis-engaged with the market. And DXY index, probably could make a pullback, so SPX and other assets could make a market run.
How often is bitcoin used in El Salvador? But so far this year, only 1.3% of remittances have been transferred using digital wallets that use cryptocurrencies, according to the most recent data from the central bank. Straight BS.
As with the last number of interviews, this guy is just a marketing guy. He's not saying much. CDBCs are good now? I like the way Michelle demolishes his point. 😊
lol they were all offered free bitcoin wallets, along with free money inside the wallet if they signed up. they all just withdrew it and never used it again 😂
Does he mean that bitcoin is pegged to US dollar because it is converted based on US dollar? If it is, my question is how bitcoin is not free from debasement. If bitcoin is pegged to fiat currency don’t we have to worry about the debasement of the dollar will influence on the value of bitcoin?
ok ,very importent . if you are a poor fruit seller and they pay you with bitcoin ,and bitcoin was by 30000 vor weeks later bitcoin is 16000 , the fruit seller is broke now becouse he lose 50%of buying power . a curency have to be stabel
There's a lot going on in this discussion. It's good to see Layer 2 solutions working where small, daily, on-chain transactions really aren't meant to take place. Will be interesting to see how resilient all of this is at larger scales. Especially if electricity becomes an issue due to the "green" push to de-carbonize energy.
As a beginner investor, it is essential for you to have a mentor to keep you accountable, Myself I'm guided by Miss Nora , a widely known Bitcoin trader
wow, you too know her,? I'm surprised that this name is been mentioned here. I thought I'm the only one trading with her. I got in touched with her early this year and I'm actually marveling over the great achievement already.
Excellent interview, Michelle. Thx. Great to see you keep pushing guests on the CBDC concerns, any free Citizen should have. I have now watched enough of your work to know you are on my side: & I consider that a huge gain. This gentleman explained El Salvador's use, of BTC, in a good, clear manner. I never saw any real issues, affecting their People, at present, which is great to see. May it continue. I wish my Country would implement BTC as a form of currency, in it's present format. However, I know that will not happen: they are too wrapped around the globalists/woke finger. I believe the evil form will rear it's ugly head, in due course. As a phase one, of the longterm agenda programme. But, feel free to keep pushing back, on all our behalf, Michelle 😉👍
Hiya. I just read your comment and reread comments....I think your correct. I think ai is being used to stop people buying bitcoin. As you and I know they are going to make everyone have cbdc soon at same time they are buying billions in bitcoin....this is very strange times we live in...if gov tells you one news you have to believe opposit for truth. If gov and tells you to do one thing you have to do opposit....very bizarre world we are in right now..sadly majority are robots being programmed I'm sure this is going to change...thank you for your comment
The haters don’t understand that he is explaining how the transactions will be taking place in the future. It doesn’t mean that everyone will transact using BCT for payments. It’s the whole picture. Learn instead of being hateful.
Smooth talker...you cannot ask a marketing guy in the business how his business is going. You have to interview an unbias person to get the real answers.
If prices are denominated in USD, BTC is NOT the store of value as value is determined still based on USD and not BTC. However the staggering achievement here is that BTC has become the medium of exchange. Within one country this doesn't seem to mean much but if ever a second country would join in, BTC would still be the medium of exchange, not the USD (which is denominator in US, reserve currency and medium of exchange world wide predominantly). So here USD would remain to be the denominator, at this scale this is also not doing anything to the USD status of reserve currency but it is introducing a technologically superior medium of exchange. Hard to call BTC a store of value right now as it is volatile like crazy. But as an independent medium of exchange it is already offering big value.
You’re confusing store of value with price in dollars. Of course bitcoin is a store of value. How can dollars printed by the trillions be a store of value? If the dollar is a store of value then it would buy as much today as years ago. Of course we all know the dollar has lost almost all its value while bitcoin has not only not lost value but increased in purchasing value tremendously. If this is still not clear enough try looking at bitcoin price in other currencies where it is at all time highs.
Sorry, you ate too many Wendy's cheeseburgers this month. Your ESG score is bad. No more cheeseburgers. Thank you for letting us track every move you make through crypto or digital currency. Have a nice day. Remember, we'll be watching!
@@ph318 Wrong assumption, I'll take your bet. I use cash almost exclusively in my business & personal life...only use credit cards when I have to. It's not good to assume.
This guy is just rambling and not answering anything relevant. He’s just a theorist about how this works in El Salvador. It doesn’t sound like it’s going well.
Gotta credit the interviewer too for asking superficial questions and letting him get away with these lame answers. Obviously both are paid by the same scammers.
Just another pretty crypto bro in jeans and a blazer with perfectly white teeth, honey. Unfortunately, the "depth" of this conversation begins and ends there.
Yes I agree with the part that he sounds very much like another theorist or explaining the theory of how it should work on paper when a country plans to resort using btc as the national currency and I'm sure she's very much incentivized to ask pro btc questions to instigate but pro btc answers from the guest I have that feeling as well ... and local banks would want some kind of centralization and transparency of all activities done in btc wallets they provide at the bank, and also 3rd party companies providing the wallets wouldn't want some kind of monitoring and control over the activities of the virtual wallets they issue?? He makes it sound like it's self- sustaining without any 3rd party involved although these same 3rd parties provide the wallets to hold and trade btc
China has Alipay and wechat pay, but they are mostly limited within their country and the Chinese yuan. For the rest of the world, it would be great if we could pay with crypto anywhere in the world
Layer one scaling was the solution all along. you have been dooped.. BTC is not bitcoin. Black rock knows it. Do your own research before it’s to late!
Bias and no level playing field! Sooner when other countries doing much efficient with other crypto projects, El Salvador 🇸🇻 citizens will pay huge price 😮
So there's always a transaction FEE using Bitcoin. Not only transaction fee, but HUGE TRANSACTION FEE plus it is NOT scalable hehe. If really those problem were solved, it'd be great, but Bitcoin doesn't self-improve. Some another cryptocurrency will come out probably. Bitcoin is actually still useless
I have never seen huge transaction fees for using bitcoin... occasionally 3-4% commission to use fiat to buy bitcoin. Can you comment where/ with whom these huge fees are occurring?
I love that ACF300X is focused on sustainability and using renewable energy sources for mining. Its important to consider the environmental impact of cryptocurrencies.
The environmental impacts of the banks is far larger than any cryptocurrency. Think how many bank branches across the world are open and using oil/electricity daily. BTC mining will NEVER reach that level of energy usage.
I find myself at a crossroads, uncertain whether to liquidate my $150,000 stock portfolio. I'm seeking advice on the best strategy to capitalize on this current market.
Salvadoran citizen here, my 2 latest properties that I just purchased it was done over Chivo Wallet
Great for us we didn't pay fees or taxes 😊
It is a slow start but is going well with younger people
you didn't pay tax because you payed with Bitcoin or there in no VAT at all?
Viva El Salvadore. Viva Bitcoin!
This is one of the best level-headed conversations about the slow and hopeful process of allowing Bitcoin to stabilize and interact with our current global financial system. It just might be the anchor that allows this planet to weather our current storm of change. Great interview.
Looks like a great way to condition people to use CBDCs.
Central banks will never willingly relinquish the power to create new currency.
Bitcoin could be used as a testbed because it already exists - and then introduce a gov't sanctioned CBDC.
At the end of the day people 'trust' Bitcoin because others do - the bitcoin always has to be denominated in a 'currency' equivalent...and neither the bitcoin, nor the 'currency' it converts to, are based on anything of 'intrinsic' value (we create currency as 'debt')... other than the fact others out there, are willing to take them off you, and convert them into currency for buying actual 'stuff'... even when they exchange bitcoin for stuff - it's still denominated in a 'currency' (Dollars) which is going down in purchasing power (inflation).
I suspect a digital currency based on something like gold (or a basket of commodities) could work, because as currency goes down in value, the 'price' of gold & other commodities goes up. So inflation is capped at however much new gold can be mined in a year (which I believe is about 2% extra added p.a. when mining is ramped up).
Great interview and I am looking forward to experiencing it all first hand when I arrive in El Salvador one month from today.
Excellent questions Michelle. You're getting even better with each interview. Great to watch.
She is THE best. Nobody brings interviews the way she does.
Kind of like telling Steve Jobs "Someday you'll make it, kid."
I'm living in El Salvador, nodody is using Bitcoin!!!!!!! ALL of us want US$!!!!!!
Thanks for your input !
So is it a tourist thing?
@@lunarwireable
It's not a thing. It's a story to get stupid Americans to buy digital nothing with their worthless fiat so that inflation in REAL assets doesn't go too high, too fast.
Thank you for sharing your on the ground experience. I believe you.
So is it???
Sorry to say it but its a failed project so far, nobody is using bitcoin. It is just an insignificant amount of people using it and not even on regular basis. Cash still king in El Salvador.
Its a store of value.....not gonna buy pizza when i can buy a house in 2034
I actually think this was a useless interview. Did she ever ask him for her numbers on usage? This guy is as bias as you can get.
Well, there is two sides to every story.
At least her dress was nice 😂
You worried about your USD's much?
BTC, currently is a leading indicator of the market. Some people are considering to see BTC before VIX. Meaning that, recently BTC had a surge, which correlate to SPX October seasonality.
Pitty to say that BTC didnt dis-engaged with the market.
And DXY index, probably could make a pullback, so SPX and other assets could make a market run.
Did t he say 70% of the pop had downloaded the wallet ?
How often is bitcoin used in El Salvador?
But so far this year, only 1.3% of remittances have been transferred using digital wallets that use cryptocurrencies, according to the most recent data from the central bank.
Straight BS.
And why do you want me to buy pizza with bitcoin when I know that I will buy a house of the same value in a few years?
This is a very useful discussion with two people who understand the current monetary situation well. Bravo and thanks so much Michelle and Tristan.
Awesome news. Go bitcoin go🎉
amazing interview !!
Thanks for watching!
I love this channel, but his answers were mostly sounding advertising instead of a deep analysis of the status quo.
Sharp, focussed interview, Michelle. Thanks!
Glad you enjoyed it!
Great interview
Man, there are so many lies and softball questions in this interview
Ponzi
@@nordicdogagree, fiat really is a ponzi
Great stuff! Thanks for the update Michelle!
No one does interviews better
As with the last number of interviews, this guy is just a marketing guy. He's not saying much.
CDBCs are good now?
I like the way Michelle demolishes his point. 😊
Bitcoin is the answer! More Bitcoin news please!
More propaganda of Bitcoin use in El Salvador. It has been an abysmal failure!
🤡
Great guest, great interviewer!
More than 79% have bitcoin wallets. 🎉
lol they were all offered free bitcoin wallets, along with free money inside the wallet if they signed up. they all just withdrew it and never used it again 😂
Why are Salvadorans crossing the border into the U.S?
They can use their bitcoin in USA..they can cross border and have money to buy property or rent in USA. Bitcoin has not got boarder control..
70% of El Salvadorians have Bitcoins ,please stop. 70@% of them don't have clean water.
So interesting! Thank you Michelle😊
Glad you enjoyed it!
Does he mean that bitcoin is pegged to US dollar because it is converted based on US dollar? If it is, my question is how bitcoin is not free from debasement. If bitcoin is pegged to fiat currency don’t we have to worry about the debasement of the dollar will influence on the value of bitcoin?
ok ,very importent . if you are a poor fruit seller and they pay you with bitcoin ,and bitcoin was by 30000 vor weeks later bitcoin is 16000 , the fruit seller is broke now becouse he lose 50%of buying power . a curency have to be stabel
it was a good interview 😊
This guy sounds more like a politician.
Fascinating Exchange.
There's a lot going on in this discussion. It's good to see Layer 2 solutions working where small, daily, on-chain transactions really aren't meant to take place. Will be interesting to see how resilient all of this is at larger scales. Especially if electricity becomes an issue due to the "green" push to de-carbonize energy.
Currently putting enough in Bitcoin investment. I've made over $72k now, on track to reach my savings goal of $100k before the end of the year
As a beginner investor, it is essential for you to have a mentor to keep you accountable, Myself I'm guided by Miss Nora , a widely known Bitcoin trader
wow, you too know her,? I'm surprised that this name is been mentioned here. I thought I'm the only one trading with her. I got in touched with her early this year and I'm actually marveling over the great achievement already.
I'm interested. Please how do I connect with her?
@@ErenHamza-wu9gxseeking for her info
She's active on
Excellent interview, Michelle. Thx.
Great to see you keep pushing guests on the CBDC concerns, any free Citizen should have. I have now watched enough of your work to
know you are on my side: & I consider that a huge gain. This gentleman explained El Salvador's use, of BTC, in a good, clear manner. I never saw any real issues, affecting their People, at present, which is great to see. May it continue.
I wish my Country would implement BTC as a form of currency, in it's present format. However, I know that will not happen: they are too wrapped around the globalists/woke finger. I believe the evil form will rear it's ugly head, in due course. As a phase one, of the longterm agenda programme.
But, feel free to keep pushing back, on all our behalf, Michelle 😉👍
Every comment looks like bot talk or people have evolved into mindless sheep finally 😂.
Hiya. I just read your comment and reread comments....I think your correct. I think ai is being used to stop people buying bitcoin. As you and I know they are going to make everyone have cbdc soon at same time they are buying billions in bitcoin....this is very strange times we live in...if gov tells you one news you have to believe opposit for truth. If gov and tells you to do one thing you have to do opposit....very bizarre world we are in right now..sadly majority are robots being programmed I'm sure this is going to change...thank you for your comment
The haters don’t understand that he is explaining how the transactions will be taking place in the future. It doesn’t mean that everyone will transact using BCT for payments. It’s the whole picture. Learn instead of being hateful.
Looks like there is a long way to go. Thanks Michelle.
BTC!!!! 🔥🔥🔥
Kitco news used to be my to go place for the news, it is sad to see how s*tt* it has become. Last 10 days there is not even good show to watch
That's just because they're at this stupid crypto conference. It's tons of sales people selling digital nothing.
Hang in there. It'll be over soon.
So ill create a slow and silly ledger then call it a new world currency, such garbage.
With any new system the problems get worked out. This shows we don't need government involvement in our exchange of value for value.
Never did. But then we don't need governments, we need responsible citizens.
We just need SBF running the whole crypto system as he was planning until it didnt work out for him.
Lol NBC did a live coverage... And it flopped..lol😂
Great video thank you
Michelle is always flawlessly prepared and patient.
Hes so happy about the Recession coming in, like hes super excited to be witnessing it.
No one uses bitcoin.
Smooth talker...you cannot ask a marketing guy in the business how his business is going. You have to interview an unbias person to get the real answers.
Bitcoin is the revolution.
And guns are the solution.
Perhaps not a pleasant one?
If prices are denominated in USD, BTC is NOT the store of value as value is determined still based on USD and not BTC. However the staggering achievement here is that BTC has become the medium of exchange. Within one country this doesn't seem to mean much but if ever a second country would join in, BTC would still be the medium of exchange, not the USD (which is denominator in US, reserve currency and medium of exchange world wide predominantly). So here USD would remain to be the denominator, at this scale this is also not doing anything to the USD status of reserve currency but it is introducing a technologically superior medium of exchange.
Hard to call BTC a store of value right now as it is volatile like crazy. But as an independent medium of exchange it is already offering big value.
You’re confusing store of value with price in dollars. Of course bitcoin is a store of value. How can dollars printed by the trillions be a store of value? If the dollar is a store of value then it would buy as much today as years ago. Of course we all know the dollar has lost almost all its value while bitcoin has not only not lost value but increased in purchasing value tremendously. If this is still not clear enough try looking at bitcoin price in other currencies where it is at all time highs.
Chivo wallet runs on Algorand!
Interesting!
That’s hilarious.
"Legal tender" is a scam.
I no longer use fiat bitcoin is the way to go.
Sorry, you ate too many Wendy's cheeseburgers this month. Your ESG score is bad. No more cheeseburgers. Thank you for letting us track every move you make through crypto or digital currency. Have a nice day. Remember, we'll be watching!
Btc can be turned into cash.
I bet you use credit cards for almost all of your purchases anyway.
Silly fears
@@ph318 Wrong assumption, I'll take your bet. I use cash almost exclusively in my business & personal life...only use credit cards when I have to. It's not good to assume.
@makeyourlifeeasier5794 😂😂Lol, ur thinking of CBDC, not bitcoin or various other crypto currancies.
he's saying words but not saying anything.
This guy is just rambling and not answering anything relevant. He’s just a theorist about how this works in El Salvador. It doesn’t sound like it’s going well.
Gotta credit the interviewer too for asking superficial questions and letting him get away with these lame answers. Obviously both are paid by the same scammers.
Horrible talking head
Just another pretty crypto bro in jeans and a blazer with perfectly white teeth, honey. Unfortunately, the "depth" of this conversation begins and ends there.
Yes I agree with the part that he sounds very much like another theorist or explaining the theory of how it should work on paper when a country plans to resort using btc as the national currency and I'm sure she's very much incentivized to ask pro btc questions to instigate but pro btc answers from the guest I have that feeling as well ... and local banks would want some kind of centralization and transparency of all activities done in btc wallets they provide at the bank, and also 3rd party companies providing the wallets wouldn't want some kind of monitoring and control over the activities of the virtual wallets they issue?? He makes it sound like it's self- sustaining without any 3rd party involved although these same 3rd parties provide the wallets to hold and trade btc
Part of a very important coin been talked about in the BCL
...wow, so everyone is using bitcoin every day 😅 ...
China has Alipay and wechat pay, but they are mostly limited within their country and the Chinese yuan. For the rest of the world, it would be great if we could pay with crypto anywhere in the world
Few peoples left on these topics...
Layer one scaling was the solution all along. you have been dooped.. BTC is not bitcoin. Black rock knows it. Do your own research before it’s to late!
Bias and no level playing field!
Sooner when other countries doing much efficient with other crypto projects, El Salvador 🇸🇻 citizens will pay huge price 😮
All other cryptos are basically FIAT
Bukele best president❤👍😊
So there's always a transaction FEE using Bitcoin. Not only transaction fee, but HUGE TRANSACTION FEE plus it is NOT scalable hehe.
If really those problem were solved, it'd be great, but Bitcoin doesn't self-improve. Some another cryptocurrency will come out probably. Bitcoin is actually still useless
I have never seen huge transaction fees for using bitcoin... occasionally 3-4% commission to use fiat to buy bitcoin. Can you comment where/ with whom these huge fees are occurring?
No - read about the lightning network. That’s where Bitcoin becomes scalable
@@Lostshmi lighting network since how long and nothing
@@LostshmiLightening network does transactions off chain. Doesn’t help BTC at all. 3rd party payment processor.
Btcoin is also making headway in Cuba on the lightning network.
The lightening network doesn’t even use the BTC network. It’s like a 3rd party payment processor.
you are a ca seller ,he sell you a car for 30000 he make 2000 winn ,bitcoin crash to 25000 in two days ,he is 3000 in minus , broke again
All that Infrastructure- airport, roads.
Were they paid with BitCoin?
Bitcoin is whatever people want it to be, used for transactions, store of value. it is not just one thing it depends on the person.
$30 become $100 now!
Argentina next 🎉🎉🎉
How shrill and grating can you get as an interviewer? - while letting your subject get away with not a single straight answer?
'with 0 OFAC violations, with full colpliance with institutions' 🤨
bitcoiners are good slaves😂
I paid $15 in fees for a $5 burger. I love the future!
holy crap! A bitcoin transaction! I can't afford digital!!!!
Purchases are made with lightning network, which is pennies in fees.
Also fees for btc transactions are currently much lower than 15$
Cash is FREE. just sayin
"Cash" is being debased at a never before seen rate. That means it's NOT free.
@@btdoe3259
I exchanged $26,000 for BitCoin...no wait $25,000...no wait $27,000..no wait $25,5000 no wait......
Bitcoin is King
Everything is a gamble. Ill put my money down on casper and let it roll. Strong utility wins.
Anything is better than the US $,evan toilet paper. 😅😅😅
Bitcoin is the hardest money ever created.
Sure... 😂😂😂
lol...only salads. Impressive.
Thoma?
Already suspect
Bitcoin is a toddler out in the big bad world bound to be falls.
beautiful dress you look awesome !
Michelle blinks her eyes quite often. She might have dry, mildly itch eyes from here makeup or she is allergic to her morning eggs or grains.
the fumes from the bs coming out of this guy's mouth was irritating her eyes. fecal matter in the eyes is how one gets pinkeye.
Lol, so does Eckhart Tolle!
Как я могу сделать более выгодные инвестиции в криптовалюту, не неся при этом больших потерь?
She lost a lot of weight
Why?
FAIL
As a trader,it's almost inevitable that you're not going to experience some ups and downs along the way of trading by yourself
Um um um um … run run lol feel better now not owning bitcoin after this lame interview
That good feeling will soon go away😂
I purchased $5000 ACF300X I am on the train too
I love that ACF300X is focused on sustainability and using renewable energy sources for mining. Its important to consider the environmental impact of cryptocurrencies.
The environmental impacts of the banks is far larger than any cryptocurrency. Think how many bank branches across the world are open and using oil/electricity daily. BTC mining will NEVER reach that level of energy usage.
Boring!
I find myself at a crossroads, uncertain whether to liquidate my $150,000 stock portfolio. I'm seeking advice on the best strategy to capitalize on this current market.