Is Bitcoin Backed by Anything? How a Coffee Farm in El Salvador Proved Peter Schiff Wrong

Is Bitcoin Backed by Anything? How a Coffee Farm in El Salvador Proved Peter Schiff Wrong

June 20, 2026 · 56 min

About this episode

The episode explores how a coffee farmer in El Salvador uses Bitcoin to improve his supply chain and combat financial manipulation.

Can Bitcoin save traditional farming from total collapse? El Salvador's Cherito (@CheritoCafe) de-financialized his supply chain, uses a Bitcoin circular economy to bypass banks, and runs nodes inside his coffee lab! In this episode, we sit down with Jorge, globally recognized in the community as Cherito, to dissect how legacy financial institutions manipulate commodity pricing to trap agricultural families in a perpetual cycle of poverty after leaving a lucrative technology and finance...

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