The tiny Portuguese island of Madeira has “adopted” Bitcoin — but what does that mean? Cointelegraph spoke to André Loja, a Madeiran entrepreneur who spearheaded the plan, for the details. (Reporting via JoeNakamoto)
Upon the announcement, news outlets around the world reported that Madeira had adopted Bitcoin as legal tender; however, this was not the case. Loja explained to Cointelegraph that prior to the announcement, he would have preferred to use the phrase “Madeira is embracing Bitcoin.”
Loja orange-pilled the president of Madeira just a few weeks prior to the conference, sharing his vision for Bitcoin as not only a means to attract foreign investment but to “protect my island from the fiat system.” Upon landing in Miami, Loja and Albuquerque were invited to Saylor’s flashy Miami villa, “with the yachts and everything,” Loja joked. While Loja had already orange-pilled the president, the conversation with Saylor was on another level:
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