Can Bitcoin Reshape the Economy? Jeff Booth's Solution to Deflation
Money Tree Investing
Money Tree Investing Podcast
4.6 • 658 Ratings
🗓️ 7 June 2024
⏱️ 76 minutes
🧾️ Download transcript
Summary
Do you think that Bitcoin can reshape the economy for a better future? Today Jeff Booth is here to discuss the future here sees for the economy and Bitcoin's role in it. Jeff believes that inflation, caused by governments manipulating money supply, is unsustainable. He sees Bitcoin as a decentralized solution. Despite challenges, he's optimistic about Bitcoin's potential to reshape the global economy. Today we discuss...
The idea that the natural state of a free market is deflation, where prices fall as technology advances.
He argues that inflation, caused by governments manipulating money supply, is unsustainable and leads to a control system rather than a free market.
How Bitcoin is seen as a decentralized solution to this problem, providing a pathway to a more abundant future.
Jeff highlights the importance of understanding deflation and its impact on the economy, especially in comparison to inflation.
While Bitcoin adoption is growing, there are still hurdles to overcome in making it easier for people to use.
How other cryptocurrencies as scams - Bitcoin stands out as the only decentralized and secure protocol.
For more information, visit the show notes at https://moneytreepodcast.com/can-bitcoin-reshape-the-economy-jeff-booth-614
Today's Panelists:
- Kirk Chisholm | Innovative Wealth
- Barbara Friedberg | Barbara Friedberg Personal Finance
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Transcript
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| 0:00.0 | Welcome to the Money Tree Investing Podcast. |
| 0:04.8 | Stock market, wealth, personal finance, value stocks, invest in your life. |
| 0:11.0 | Hello, Smart Money Tree Podcast listeners. |
| 0:12.6 | Welcome to this week's show. |
| 0:13.6 | My name's Kirk Chisholm and I'll be your host. |
| 0:15.6 | So today I'm joined with Jeff Booth. |
| 0:17.6 | How you know it to Jeff? |
| 0:18.7 | I'm great. |
| 0:19.1 | Yourself, Kirk. |
| 0:20.0 | Great. |
| 0:20.4 | Well, I want to bring Jeff on. Jeff actually has a great philosophy, which in many |
| 0:24.8 | ways, that goes my own, which is why I want to bring him on, because I think he'll do a better |
| 0:28.0 | job of illustrating than I will. And I've also had a few requests for him. And maybe you can tell |
| 0:32.4 | us a bit about your background. I'm an entrepreneur. I'm a technology entrepreneur. Built a number of significant companies in the dot-com era. |
| 0:40.4 | Now I run a firm called EgoDeath Capital, which invests on top of Bitcoin. |
| 0:45.2 | Getting there, I wrote a book called It Turned into a Bestseller that called Price of Tomorrow. |
| 0:51.1 | Why Deflation is key to an abundant future. |
| 0:53.8 | And I would say the reason for writing that book is what I was seeing in the technology landscape. |
| 0:59.5 | So based on your background, obviously you have a background technology, which is a big part of the book. |
| 1:03.2 | A large part of the book is about the concept of deflation. |
| 1:07.0 | So maybe you can start by telling like what is deflation and how does it impact the economy? |
| 1:12.7 | Let's just actually start a level set because I think most people are really confused by this |
... |
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