Insights

El Salvador Adopts Bitcoin and More…

First Country Ever To Adopt Bitcoin! 

Yesterday Bitcoin history was made. The first country to adopt it as a legal currency happened on September 7, 2021,. The enigmatic and magical “internet money” as it is often called that had its meager roots in a cryptography mailing list is now officially recognized as lawful monetary good by a nation-state. The same national status the dollar has in El Salvador is the same status that Bitcoin now has. This means that any Salvadoran will have the legal option to use bitcoin or dollars. Truly a historic moment in Cryptocurrency. 

Astrophysicist Says Biden is From The “Reefer Madness” Generation 

Astrophysicist Neil deGrasse Tyson mocked President Joe Biden’s opposition to legalizing marijuana pointing out that the elderly Biden is part of the “Reefer Madness generation,” .

The statement was made in a recent episode of the popular science podcast StarTalk. Tyson talked with Harvard University neuroscientist Staci Gruber about the intersecting world of cannabis science, sports and state policy. They discussed why athletic leagues have largely opted to ban marijuana use—a rule that led to the suspension of olympian Sha’Carri Richardson. Despite the historical use of the cannabis plant as a highly useful form of medicine, it was banned and hilariously demonized in the 1936  propaganda film “Reefer Madness,” when the U.S.A.  “really fell under this spell” that marijuana was incredibly dangerous. A danger so grave that it warranted criminalization. 

Gold’s $1,800 Ceiling Holding 

Gold markets in general were poised to spring last week, but that opportunity has now faced an abrupt turn around with $1,800 posing a hurdle that the yellow metal has yet to conquer. At the current prices however, gold is still a pretty attractive buy for long-term holders looking to hedge their portfolio against risk. The ever looming risks posed from weakness in the US dollar, negative interest rates, and the threat of even higher inflation all lead to Gold being a safe haven for your money.

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