Boaz Sobrado on Bitcoin adoption trends in Cuba

Boaz Sobrado, data analyst and the founder of whynotcuba.com joins the show to talk about trends in Cuban Bitcoin adoption. In this episode:

  • How Boaz came to start an ecommerce company in Cuba and how Bitcoin became relevant to him
  • The structure of Bitcoin trading markets in Cuba
  • How Bitcoin currently trades in Cuba
  • Drivers of Bitcoin adoption in Cuba
  • Why Cuba until recently hasn’t been known as an important jurisdiction for Bitcoin
  • Why Cuba doesn’t show up in the typical proxies for bitcoin usage
  • Why internet penetration in Cuba is accelerating Bitcoin adoption
  • How Bitcoin is incorporated into the remittance flow in Cuba
  • How the Cuban regime thinks about and talks about Bitcoin
  • The history of Cuba’s three simultaneous sovereign currencies
  • How the sovereign currency transitions are a means for the government to acquire hard currency at the expense of savers
  • The key factors supporting a wave of Bitcoin adoption in Cuba today
  • How Bitcoin markets permit the pricing of the black market peso rate

Content mentioned in this episode: