Bitcoin Archive w Archie Bitcoin Beach Founder Reveals What’s REALLY Going On In El Salvador
Nov 19, 2025
Mike Peterson, aka Mike X, is the visionary behind the Bitcoin Beach project in El Zonte, El Salvador, fostering a circular Bitcoin economy in the region. He shares his fascinating journey from a surf trip to moving permanently to help the local community. Mike discusses the initial skepticism around Bitcoin, the impact of community-driven initiatives, and how security and governance play crucial roles. He emphasizes key strategies for economic growth and the exciting transformation of El Salvador into a hub of Bitcoin innovation.
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From Surf Trip To Community Commitment
- Mike Peterson moved to El Salvador after falling in love with the people and surf culture during a 2005 trip.
- He and his family later lived there full-time and got involved in community work amid severe gang violence.
One Bitcoin Ignited A Local Economy
- A donor giving one Bitcoin sparked the idea to build a circular Bitcoin economy in El Zonte.
- Mike saw Bitcoin as a practical tool to bypass poor banking infrastructure and enable local transactions.
Seed Adoption Through Paid Local Work
- Start Bitcoin adoption where alternatives are scarce and people need income opportunities.
- Pay youth small amounts in Bitcoin for community tasks to seed usage and acceptance.