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The Peter McCormack Show

Bitcoin Can't Lose with Parker Lewis - WBD576

The Peter McCormack Show

Peter McCormack

Power, Politics, Government, Markets, News, Society & Culture, Technology, Society, Inflation, Finance, Bitcoin, Economics, Money

4.72.8K Ratings

🗓️ 4 November 2022

⏱️ 98 minutes

🧾️ Download transcript

Summary

Parker Lewis is Head of Business Development at Unchained Capital. In this interview, we discuss the failure of currencies, the collapse of the economic engine and Bitcoin being the largest tidal wave that's ever existed.

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In the nearly 14 years since Bitcoin was launched the global order has continued to shudder in the wake of a rolling set of crises. Front and centre is the unwinding of the global economic order. Fiat currencies are straining, inflation is rising, and central banks are using ever more extreme and counter-productive measures to keep the economy afloat.

We're in the final throes of the long-term debt cycle. Everyone can see it. And yet governments and central banks are refusing to accept the inevitable. Money printing continues, in part to deal with the second-order effects of the previous round of money printing.

Bitcoin rose sharply at the beginning of this period, but it has stalled in the shadow of Covid as the world struggles to repair economies whilst dealing with growing geopolitical tensions. Throughout this turmoil, as Parker Lewis states in our interview, Bitcoin's value proposition has remained the same. Why is it then that Bitcoin has been in a bear market?

The protocol has proven itself to be a solid basis for a new form of money. Yet, its volatility in the wake of rising inflation has resulted in a wave of commentators dismissing its value. This has an effect. We all know people who still think Bitcoin is a crazy fad. This issue, as Parker Lewis contends, is that you need to do the work to understand Bitcoin's vital importance.

Bitcoin adoption is a function of knowledge distribution. Those of us who are in the know must therefore keep spreading the word, educating, advocating, orange pilling. If we do that then Bitcoin can't lose.


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Transcript

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0:00.0

The only way for that system to subsist into the future is for them to print more and more money.

0:08.0

And in either scenario, whether they print money or they don't, the economic engine collapses.

0:15.0

Hello there, how are you all?

0:17.0

Have you had a good week?

0:18.0

They're all looking forward to your weekend.

0:20.0

I am.

0:21.0

We've got football tomorrow, playing Raunstown at home in the league.

0:24.0

It's my last game before I head out to the US to make a bunch more shows and go to the

0:28.8

Pacific Bitcoin Conference and I'm also heading out to the Texas blockchain summit.

0:34.0

I'm looking forward to seeing a bunch of you.

0:36.0

I'm looking forward to catching up with my team, see Danny, see Jeremy,

0:39.0

and go make a bunch more shows.

0:41.0

Anyway, welcome to the What Bitcoin did podcast. which is brought to you by Gemini, the only place I'm using for buying Bitcoin.

0:47.0

I'm your host, Peter McCormack, and I've got a regular back on the show.

0:50.0

I've got my good buddy Parker Lewis back on what Bitcoin did. Now Parker is one of the most

0:54.7

bullish people on both Bitcoin and Austin and every time I'm in Austin he's trying to convince me to move there.

0:59.7

Sorry Parker, I bought a football team now, I've got to head back to Bedford when I'm done.

1:03.0

But while we were in town we obviously had to catch up so we sat down and got into why

1:06.9

Bitcoin can't lose and to give everyone a bit of a pep talk why the price is going sideways.

1:12.0

Now I hope you enjoy this and as ever. If you got

1:14.0

any questions about this or anything else please do drop me in emails.

1:17.0

Hello what Bitcoin did dot com. I'm getting quite a lot of emails at the moment I

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