Hyperbitcoinisation with Christian Keroles - WBD482
The Peter McCormack Show
Peter McCormack
4.7 • 2.8K Ratings
🗓️ 30 March 2022
⏱️ 82 minutes
🧾️ Download transcript
Summary
Christian Keroles is Managing Director of Bitcoin Magazine. In this interview, we discuss hyperbitcoinisation as a zero-sum game and how that could lead to $26 million bitcoin.
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Hyperbitcoinization is a scenario where Bitcoin has achieved mass adoption: it is widely used as a medium of exchange, it is a store of value held by individuals and businesses, and it has become a primary global reserve currency. Essentially, it is a ubiquitous and dominant form of global money.
Over the last few years, a series of unprecedented global events has helped accelerate the adoption of Bitcoin. The pandemic gave rise to unsustainable monetary and fiscal policies that made the economic case for adoption by major institutions and a nation-state.
Now, in the shadow of the Candian trucker protests, where fears regarding the curtailment of individual freedoms were realised, and a new conflict in Europe may signal a reordering of the global monetary system, the political case for wider adoption of Bitcoin has been made.
We now live in a time when rather than being viewed as a wild abstract theory, hyperbitcoinisation is being contemplated as being a plausible culmination of ongoing trends. But what does this mean? What will the transition to a Bitcoin standard look like?
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Transcript
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| 0:00.0 | I feel like so many people that have multiple |
| 0:03.7 | bit coins like they're 100% of their focus is to get more |
| 0:07.0 | Bitcoin or they're playing this trading game and they just don't |
| 0:11.0 | appreciate how many Bitcoin they already have. |
| 0:14.0 | Like I'm just saying appreciate your Bitcoin man, you know, and like if you have one Bitcoin, |
| 0:19.5 | respect that that is generational wealth, like respect that that one Bitcoin could mean such an |
| 0:25.2 | enormous amount to your lineage and like treat it as such. |
| 0:29.6 | Hello there, how are you all doing? Welcome to the What Bitcoin did |
| 0:33.8 | podcast which is brought to you by Gemini, the only place I am using for |
| 0:37.5 | buying Bitcoin. I'm your host Peter McCormack and before we get into the |
| 0:41.5 | interview today I have a quick message from my show sponsors. |
| 0:44.8 | This show is brought to you by Ledger, the world's most popular hardware wallet. |
| 0:49.2 | Now listen, in Bitcoin, we have this saying, right? Not your keys, not your Bitcoin. |
| 0:53.6 | So if you're a Bitcoin holder, it is your money, |
| 0:56.0 | and it's time for you to own it. |
| 0:57.8 | And if you're not storing your Bitcoin on a hardware wallet, |
| 1:00.6 | then you are trusting somebody else. I took control of my Bitcoin back in 2017 when I bought |
| 1:06.2 | my first Ledger Nanos and I am still using that same device today. Ledger is the smartest and easiest way for you to take control to |
| 1:14.5 | your Bitcoin. Now if you would like to find out more or purchase a hardware wallet |
| 1:18.5 | from Ledger then please head over to Ledger.com which is L-E-D-G-E-R-D-E-R-com. |
| 1:24.6 | Next up, it is BlockFi. |
| 1:26.4 | Now BlockFi bridges the world of traditional finance |
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