#611 Why Bitcoin Will Be The Next Global Reserve Currency

The Pomp Podcast

Anthony Pompliano

Business, Investing

4.8 • 1.9K Ratings

🗓️ 22 July 2021

⏱️ 49 minutes

🔗️ Recording | iTunes | RSS

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Summary

Greg Foss is the CFO and Bitcoin Strategist at Validus Power Corp. He has spent over 30 years of his career in various credit markets, where he has managed hundreds of millions of dollars. In this conversation, we discuss nation state defaults, credit markets, bitcoin, decentralized central banks, asset allocation, flare gas capture mining, and South/Central America. ======================= Circle is a global financial technology firm that enables businesses of all sizes to harness the power of stablecoins and public blockchains for payments, commerce and financial applications worldwide. Circle is also a principal developer of USD Coin (USDC), the fastest growing, fully reserved and regulated dollar stablecoin in the world. The free Circle Account and suite of platform API services bridge the gap between traditional payments and crypto for trading, DeFi, and NFT marketplaces. Create seamless, user-friendly, mainstream customer experiences with crypto-native infrastructure under the hood with Circle. Learn more at circle.com ======================= LMAX Digital - the market-leading solution for institutional crypto trading & custodial services - offers clients a regulated, transparent and secure trading environment, together with the deepest pool of crypto liquidity. LMAX Digital is also a primary price discovery venue, streaming real-time market data to the industry’s leading analytics platforms. LMAX Digital - secure, liquid, trusted. Learn more at LMAXdigital.com/pomp ======================= Revolut is a finance app in the US and UK, that say they're the simplest way to access crypto. Sign up today at Revolut.com/pomp and make 3 card transactions to get $15, which you can exchange for any tokens Revolut supports. As usual, when you move your money from fiat to crypto your capital is at risk. See T&C's for details. Revolut is a financial technology company. Banking services provided by Metropolitan Commercial Bank, Member FDIC. Cryptocurrency services provided directly by Paxos Trust Company, LLC.

Transcript

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0:00.0	What's up, everyone? This is Anthony Pompliano. Most of you know me as Pomp. You're listening to the Pomp
0:07.4	podcast, simply the best podcast out there. Now let's kick this thing off. Greg Foss is the CFO and
0:13.8	Bitcoin Strategist at Validus Power Corp. He has spent over 30 years of his career in various
0:18.4	credit markets where he has managed hundreds of millions of dollars. In this conversation, we discuss nation state defaults, credit markets,
0:25.4	Bitcoin, decentralized central banks, asset allocation, flare gas capture mining, and South
0:30.9	and Central America. I really enjoyed this conversation with Greg, and I hope you do as well.
0:36.0	This was an excerpt from our new show,
0:38.6	The Best Business Show, where we stream live every single weekday, 11 a.m. Eastern to 1 p.m. Eastern
0:44.8	on YouTube and Twitter. If you haven't watched it, I highly suggest we're doing tons of financial
0:50.5	education, but also a little bit of entertainment. Hope you tune in for the next episode.
0:55.4	Before we get into this episode, I'd love to talk about our sponsors.
0:59.0	First up is Circle.
1:00.1	Circle is a global financial technology firm that enables businesses of all sizes
1:03.6	to harness the power of stable coins and public blockchains for payments, commerce,
1:07.8	and financial applications worldwide.
1:09.9	Circle is also a principal developer of USD Coin, USDC, which is the fastest growing, regulated,
1:15.0	fully reserved dollar stable coin in the world, now standing at more than $15 billion market
1:19.3	cap and is adding nearly $300 million of net new digital dollars in circulation every
1:23.8	single week.
1:24.9	The free Circle account and suite of platform API services bridges the gap
1:28.7	between traditional payments and crypto for trading, defy, and NFT marketplaces. You can learn more at
1:34.0	circle.com. Again, circle.com. Go check it out and let me know what you think. Next up are my friends
	...

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